Napier V1

As of September 16, we have made the significant decision to deprecate all operations related to Napier v1. Since then, we strongly recommend not interacting with any smart contracts related to Napier v1. If you are were the user of Napier v2, you can check the old app at v1.napier.finance.

Napier v1 was a solid concept, leveraging the foundation of Curve’s system to enable external projects like ourself to properly open yield derivative markets on top of it.

Our v1 approach addressed this challenge, providing an efficient incentive structure and an architecture designed to prevent liquidity fragmentation. However, while the mathematical framework was sound, we encountered some technical issues at the code and practical implementation level.

These challenges are discussed in detail in the article referenced here.