Pool

You can view the Napier liquidity pools here. Additionally, you can also access Napier-related pools through the Curve UI.

The liquidity in Napier V2 is composed of PT and YBT (underlying assets), so holding an LP position means you hold both PT and YBT underlying asset positions simultaneously. In other words, your LP position earns yield and rewards from the following sources:

1. PT Fixed Yield: Earned by holding PT.

2. Underlying Asset Yield and Rewards: Earned by holding the underlying assets.

3. Swap Fees: Derived from PT and YT swaps, with yield automatically compounded.

4. Napier Point: See the Napier Point guide for details.

5. Points from External projects.

6. $NPR Incentives: Coming soon.

Provide Liquidity - Manual

1

Go to Pool page

2

Select your desired pool to provide liquidity

3

Choose your input assets to zap with

4

Enter your transaction amount

5

Control your slippage tolerance with the Gear icon in the top right

6

Approve the transaction and provide liquidity!

7

Receive an LP token.

Provide Liquidity - Zap

When providing liquidity using Zap, your deposited funds are supplied to the pool at the exact same ratio as at the time of deposit.

For example, if you provide USDC to the LBTC pool (where the PT-LBTC and LBTC pool ratio is 1:1 at the time of deposit), the USDC will first be swapped into LBTC via external swap routers like 1inch or OpenOcean. Then, approximately half of the LBTC will be used to mint PT and YT, while the remaining half is directly added to the pool as liquidity. As a result, you will receive LP tokens and YT in return.

1

Go to Pool page

2

Select your desired pool to provide liquidity

3

Your input assets are automatically converted to the required assets to provide liquidity

Your input assets are automatically converted to the underlying asset. Portion of the underlying assets are minted into PT and YT.

4

PT are paired with underlying assets to provide liquidity

5

Receive an LP token and the corresponding YT

Remove Liquidity - Zap

1

Go to Pool page

2

Select your desired pool to remove liquidity

3

Choose your output assets to zap with

4

Enter your transaction amount of LP tokens

Control your slippage tolerance with the Gear icon in the top right

5

Approve the transaction and remove liquidity

6

Receive the output assets you chose

Remove Liquidity - Manual

1

Go to Pool page

2

Select your desired pool to remove liquidity

3

Enter your transaction amount of LP tokens

Control your slippage tolerance with the Gear icon in the top right

4

Approve the transaction and remove liquidity

5

Receive underlying assets with the corresponding PT