User Dashboard
The User Dashboard is a unified interface that helps you manage all your Napier v2 positions in one place.
Where do the yield and reward come from?
The yield and rewards you can claim—and when you can claim them—vary depending on the type of position you hold (PT, YT, or LP) as well as the underlying asset. Below, we explain each position.
Holding PT positions
Holding a PT position means you've secured the guaranteed return at maturity. Additionally, you can sell your position before maturity at a discounted price.
For example, at the time of purchase, 1070 PT-USDC is equivalent to 1000 USDC. After half the term has elapsed, its value is approximately 1035 USDC, and at maturity, it can be redeemed for 1070 USDC.
Holding YT positions
Holding a YT position means you have the right to claim the yield and rewards generated by the underlying asset until maturity. Additionally, you can sell your YT position at a discounted price before maturity, effectively receiving your yield and rewards in advance.
The timing for claiming yield and rewards on YT depends on the distribution schedule of the underlying asset. For more details, please refer to the documentation of the issuing project—for example, Lido for wstETH or Aave for aUSDC.
Holding LP positions
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:
PT Fixed Yield: Earned by holding PT.
Underlying Asset Yield and Rewards: Earned by holding the underlying assets.
Swap Fees: Derived from PT and YT swaps, with yield automatically compounded.
Napier Point: See the Napier Point guide for details.
$NPR Incentives: Coming soon.
Rewards: CRV, CVX, and external incentives
Claim the accrued yield and reward from YT
Go to Dashboard page
Select desired YT you would like to claim yield and reward
Approve and Claim!
If you want to trade the YT position, click "Mange"
Obtain the PT yield
Go to the Dashboard page.
PT can be sold before maturity, redeemed along with the corresponding YT before maturity, or held until maturity and redeemed for the underlying asset.
Click "Manage" or select the appropriate market from the Mint page
If you want to sell PT before maturity, click "Manage." If you wish to redeem it along with the corresponding YT before maturity, select the appropriate market from the Mint page.
Claim the accrued yield and reward from LP
Go to the Dashboard page.
Select which LP yield and rewards you want to claim.
Approve and claim them!
The yield from underlying assets and swap fees is automatically compounded into your LP position, but to claim the accrued rewards, click the "Claim" button.
Click "Manage"
If you want to adjust your LP position, click "Manage."
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