Napier Points Program Upgrade: Further Growth & Next Steps

TL;DR

• Napier v2 surpassed $10M in TVL within its first month, despite a tough market environment — exceeding the all-time high of v1.
• The maximum supply of Napier Points has been set, meaning there will be no further dilution going forward.
• Napier Interface now includes Napier Point APY, making it easier for users to estimate their potential returns.
• Supplying PT on Morpho and Euler has been added as a new point-earning action.
• Considering Napier’s growth and to further accelerate it, the TGE may be postponed.

Napier v2 Recap

Napier v2 surpassed $10M in TVL within its first month after launch, despite challenging market conditions — already exceeding the all-time high of Napier v1. It launched on Ethereum and Sonic, with upcoming expansions on Fraxtal, Hyperliquid, Base, and Arbitrum (and possibly Bapier?).

Nearly 50 markets have already been launched by professional curators, especially experienced teams like MEV Capital and Re7. Among them, the yUSD market has shown the strongest growth in terms of TVL.

With more diverse market launches and DeFi integrations ahead, we aim to provide users with a wide range of investment opportunities.

Updates to the Napier Point Program

To make the Napier Point program a more attractive opportunity, several updates have been made. It’s now easier for users to estimate their returns than before.

Introducing Napier Point APY

In the Napier Point program, a fixed amount of points is distributed each week. Until now, the maximum supply had not been set, allowing for flexible incentive adjustments — but making it difficult for users to estimate their returns.

Now, the maximum supply of Napier Points has been set at 6,000,000,000 pts. With this cap in place, both users and curators can now estimate their potential returns based on their own outlook for the NPR token at TGE.

Additionally, the Napier Interface now displays Napier Point APY, along with tools to help users project their APY more easily.

Past point distribution record

So far, 616,274,626 Napier Points have been distributed. Given the maximum supply of 6,000,000,000 pts, around 10% has been allocated to date. That means you're still early — and the opportunity remains highly attractive. Explore the Napier Interface and discover the opportunities available.

Continued growth ahead for Napier

In light of Napier’s growth and the increasing diversity of its ecosystem, the timing of the TGE may be postponed.

Napier is designed as a truly open and permissionless multi-sided platform. While multi-sided platforms benefit from network effects that drive mutual growth, they also face a tradeoff between accelerating early adoption and the risk of becoming dependent on specific players.

At Napier, our goal as an ecosystem is to strike the right balance — leveraging strong partners and their brands for short-term growth and long-term relationships, while maximizing user value and optimizing costs through curator competition. We also place a strong emphasis on sustainable value circulation through diverse ecosystem participation.

To grow Napier into a resilient and inclusive ecosystem, there are still important challenges to address — and doing so may require additional time.

For more details on Napier Points, please refer to our documentation.