Napier Finance

Napier Finance is a decentralized finance (DeFi) protocol that specializes in fixed-yield lending and borrowing on the Ethereum blockchain. The platform allows users to lend or borrow any ERC20 token for any maturity period, addressing the need for predictable returns and costs in a volatile market. It operates on a peer-to-peer model, where loans are represented as Napier Bonds, which are zero-coupon bonds that can be traded on any automated market maker (AMM) after creation. This structure provides liquidity and enables users to exit their positions before maturity.

The protocol was co-founded by Guillaume Palayer, who serves as the CEO. It aims to provide DeFi users with the same level of certainty found in traditional finance's fixed-income markets. By allowing for fixed rates, Napier Finance caters to a range of clients, from individual investors seeking predictable returns to DAOs and protocols needing to manage their treasuries or finance operations without market volatility risk. The business model generates revenue through a small fee on the interest paid on each loan, ensuring a sustainable ecosystem. The platform distinguishes itself by not relying on variable rates or liquidity pools for its core function, offering greater capital efficiency and predictability for its users.

Keywords: decentralized finance, fixed-yield lending, peer-to-peer lending, DeFi protocol, ERC20 tokens, Napier Bonds, zero-coupon bonds, blockchain finance, crypto borrowing, asset-backed lending