
Napier
Napier is a modular yield tokenization protocol that splits yield-bearing assets into principal and yield tokens across EVM chains.

What is Napier?
Napier is a yield tokenization protocol live on Ethereum, Arbitrum, Base, Polygon, OP Mainnet, and other EVM networks. Depositors wrap yield-bearing tokens from ether.fi, Lido, EigenLayer, Pendle, Morpho, and Yearn into principal tokens (PT) for fixed yield and yield tokens (YT) for variable upside, then trade them through the Napier AMM. Total TVL sits around $100K, mostly on Ethereum. Backed by a $1M pre-seed including Curve founder Michael Egorov.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

