Napier

Napier builds markets and infrastructure for fixed income, from DeFi yield through to tokenized and global fixed income. Developed by Napier Labs in Dubai, its live product is a yield trading app where users take fixed or variable yield using principal tokens (PT) and yield tokens (YT).

Napier describes an ecosystem of several parts. The Napier Protocol provides yield tokenization and trading infrastructure, and the Napier App is the web interface for its markets. Governance runs through the NPR token, Napier Labs acts as core developer, and the separate Napier Foundation coordinates major contributors and supports decentralization. A blog post from August 2025 introduces the Napier AMM as a liquidity engine for yield trading and on-chain interest-rate derivatives, and an April 2025 post covers curators, including Napier DAO. On security, the site describes independent review of protocol architecture and smart contracts, fuzzing and invariant testing, onchain monitoring with incident response, and public code on GitHub.

• Yield Trading: DeFi-native markets for fixed and variable yield using PT and YT
• Global Fixed Income: private-market infrastructure for tokenized fixed income
• Curate: a Prime tool for curating market parameters and operating markets
• API: programmatic access to Napier market, token and protocol data
• SDK: private developer tooling available on request

The site targets four groups: market operators, developers and distributors, asset issuers, and traders or end users. It cites a network of more than 50 partners, among them Uniswap, Curve, Morpho, Euler, Ether.fi, Lido, 1inch, MEV Capital, Re7 Labs, Cantina, Sherlock and HyperNative.

According to its website, backers include the Uniswap Foundation, Ceres Inc. (parent company of bitbank), B Dash Ventures, DeWhales Capital, FLICKSHOT, Curve Finance founder Michael Egorov and Frax Finance founder Sam Kazemian, plus about 20 others. Its stated goal is to be the best way to access open financial networks with one click, and its listed values are partnership, excellence, leadership, integrity, compassion and commitment.