MEV Capital Becomes Napier-Aligned to Curate Yield
Napier v2 is expected to launch in February, enabling anyone to freely build yield derivative products on almost all yield-bearing assets across nearly all EVM chains from day one.
We're excited to onboard MEV Capital as the official curator for a modular yield tokenization protocol—Napier v2.
What is Napier v2?
The Napier v2 is a modular yield tokenization protocol, enabling users to fix, trade yield and build without limits on the Ethereum Virtual Machine.
This focus brings unique benefits to Napier participants:
- Flexibility through Modularity: Curators (market owners) control and provide every aspect of yield tokenization—supported yield assets, maturities and caps, business model adjustments, behavioral economics mechanisms, single or multiple authority delegation, emergency stop mechanisms, and more. Any participant can freely join or opt out of the PT/YT ecosystem in Napier v2 under their own economic reasoning.
- Risk Minimization through Immutability: An immutable core contract on the Ethereum Virtual Machine removes external governance risk and single points of failure. A minimal yet flexible design further reduces risk.
- Active Ownership: Beyond autonomous software extensibility, achieving real scale and adoption requires active ownership by each participant. Napier v2’s economically and permission-wise divisible software makes this possible.
You can find a more detailed explanation of Napier v2 overview in this article.
About MEV Capital
MEV Capital is a digital asset manager that focuses on finding and extracting value from the nascent DeFi markets. The strategies are conducted following a stable asset exposure mandate supported by well-defined benchmarks. The operations mainly consist of risk curations and liquidity provisioning to a set of public protocols. These protocols are selected to reflect internal risk management rules, fit regulatory criteria, and answer investor needs. MEV Capital aims to achieve consistent returns for the investors, while operating in a highly liquid environment and battle-tested security framework.
What Does This Collaboration Achieve?
MEV Capital, prior to partnering with Napier, spent years as a risk manager and liquidity provider for lending protocols like Euler and Morpho, as well as restaking protocols like Mellow, bringing extensive risk management expertise to Napier.
The company will focus on monitoring and managing PT/YT assets while supporting the onboarding of new assets into the Napier ecosystem. As a curator in Napier v2, MEV Capital seamlessly integrates its existing risk management operations with Napier by selecting underlying assets, setting maturities, supply caps, and pool parameters, adjusting fee models, managing market delegation, and implementing emergency shutdown mechanisms.
This provides users with further investment opportunities while enabling Re7 Labs to gain an additional revenue layer.
