> For the complete documentation index, see [llms.txt](https://docs.napier.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.napier.finance/npr/npr.md).

# NPR

NPR, with a maximum total supply of `27,182,818` (in homage to Napier number), serves as the governance token of the Napier protocol. It empowers DAO community members to oversee key protocol operations and shape the strategic direction of both the Napier ecosystem and its long-term growth.

All NPR tokens are minted upon the deployment of the token contract. As a portion of protocol-generated fees is allocated to the DAO treasury, NPR plays a crucial role in managing and governing this treasury, as well as determining the protocol’s future trajectory.

NPR token holders can participate in governance by voting on key protocol changes and improvements, including:

* Major protocol upgrades
* Various initiatives to grow the Napier protocol;
  * Strategic distribution of incentives
  * Allocation of fees designated to the protocol
* Changes to key economic parameters, such as fees designated to the protocol
* Software development contributor permissions
* Treasury diversification activities

Other use cases may arise in the future.


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