Scaling Napier with Re7 Labs
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 Re7 Labs as the official curator for a modular yield tokenization protocol—Napier v2.
About 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 Re7 Labs
Re7 has been providing liquidity in DeFi since 2019 having deployed over $300m of assets. We bring practical experience to risk management from years of managing stablecoin and ETH yield strategies as well as further strategies like our Liquid Token fund. As DeFi-native managers, we have focused on enabling yield strategies, providing early liquidity to various DeFi protocols, and have worked with teams throughout the space on a close basis to grow DeFi liquidity while managing risk.
From our experience deploying capital we bring a unique perspective to risk management as practitioners and power users of DeFi. We have built extensive tooling to provide a deep view into risks in the market including liquidity monitoring, price alerts and a large suite of custom analytics tools. This has allowed us to stay on top of the ever-changing DeFi market.
In addition to leveraging our experience for risk management, we bring an extensive rolodex of DeFi teams and have worked with over 500 projects across DeFi for liquidity provision and advisory. This has involved deployment on over 15 chains and dealing with all kinds of conditions within DeFi.
What does this enable?
Re7 Labs, 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 and YT assets while supporting the onboarding of new assets into the Napier ecosystem. As a curator in Napier v2, Re7 Labs 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.
