A Home of LST/LRT
LST/LRT
The LSD narrative swept through the market in 2023, and 2024 is shaping up to be the year of LRTs. The fervor around Ethereum is remarkable, with points issued by Eigenlayer and various LRT projects captivating the market. The current fixed interest rate on $ETH paid by point holders is around 30–40% annually.
Which universe have we landed on?
We landed on this Curve universe last November as “ The endgame for the Curve ecosystem “. We bring new utility to Curve Finance.
Curve Universe and LST/LRTfi Narrative
And this universe is becoming the ultimate place for liquid staking (re-staking) tokens. Is it really so?
Indeed, Prisma is already one of the number one LSTfi protocols in TVL, thanks to a capital-efficient flywheel with the Curve ecosystem. Moreover, they have started to join the re-staking wars. through $ULTRA. afETH is working on a liquid staking token equipped with a flywheel powered by sfrxETH and CVX, and YieldNest is directly confronting the re-staking wars.
How does Curve Finance itself fare? When compared to rivals with similar liquid staking assets, Curve pools (TryLSD) consistently outshine them. Plus, Llamalend, integrating seamlessly with Curve pool, delivers strong utility.
Then, how will the Curve ecosystem become a hub for LST/LRT again? Napier Finance could be one of them.
Why did Napier land on this universe?
Napier’s attempt is bringing yield trading to the Curve universe.
If you’re a degen, you might already know that yield trading is sweeping the market in 2024. As mentioned at the outset, the market’s anticipation for Eigenlayer and the LRTs issued on its basis is heating up to the point of pushing ETH’s annual yield to around 40%.
Imagining how such market narratives will play out on one of the most historically significant flywheels in the market might not be too hard; That is precisely Napier.
The launch
Napier’s launch starts with liquid staking tokens (LSTs) like Frax, Lido, and Rocketpool.
Afterward, there are plans to list a large variety of LST/LRT on that pool as a base pool; making Curve the home of LST/LRT once again.
After our landing, we’re really looking forward to seeing pools related to Napier emerge here (Top 10 pools by revenue (last 7 days)).
With the proposal on fee distribution by the Uniswap Foundation shifting the conversation to fees, now might be a good time to pause and consider what might be undervalued in the market.
What is next?
Let’s see if our approach or other projects will be accepted by users and the community in a production environment. However, there is a certain legitimacy to the history and achievements that this ecosystem has built.
Napier Finance is currently undergoing multiple code audits. Our emergence into that universe is imminent.
About Napier Finance
The end game for Curve ecosystem. Napier is a liquidity hub for yield trading powered by Curve Finance.
- Website: https://napier.finance/
- Twitter: https://twitter.com/NapierFinance
- Discord: https://discord.gg/PKkJkmvPx2
- Telegram: https://t.me/napierfi
