Tapir Protocol Litepaper
Overview
Tapir protocol is a risk-adjusted, high-yield pooling platform offering tunable risk and reward profiles. Its depeg protection module helps risk-averse investors protect against slashings and other losses, enabling much higher yields than staking while offering much lower risk profile. At the same time, savvy investors can earn more by selling depeg protection. The protocol also supports a fixed yield option, appealing to those who value predictability, as well as leveraged yield strategies for investors comfortable taking on greater risk.
USP - Unique Selling Proposition
Investors can buy protection against depegs
Tapir allows investors to buy or sell depeg protection against losses caused by events like hacks or slashings. This feature lets some investors earn extra by selling protection, while others sleep easier knowing they are covered. It addresses the challenge of balancing high yields with complex DeFi risks.
Investors can further boost their yield
Beyond benefiting from standard yields, investors can sell depeg protection to earn additional premiums, effectively acting as underwriters. This creates new revenue streams and yield-enhancement opportunities not available in traditional investing methods.
Investors can have a fixed yield
For those who prefer predictable returns, Tapir offers a fixed-yield option, mirroring traditional fixed-income investments. This choice delivers steady returns without unexpected yield fluctuations, ideal for conservative investors.
Investors can have a leveraged long yield
Sophisticated investors can leverage their positions to amplify returns on the underlying yield. This allows them to capture multiple times the yield of conventional investing, making Tapir an attractive solution for informed investors seeking higher returns.
Go-to-Market Strategy
Tapir will first target investors within the Nektar Protocol ecosystem, leveraging existing relationships and the synergy of their high risk + yield decentralized marketplace. For the next integration we are considering Ethena & Pendle, due to their riskier nature & high yields.
Token Incentives Strategy
Tapir will reward early participants who provide initial liquidity and help reach Protocol Controlled Value (PCV) targets. By distributing native tokens to early investors, the protocol aligns incentives and encourages long-term commitment. Each round of incentives will have PCV milestones, ensuring measured growth. A lockup period may prevent rapid token churn, maintaining sustainable tokenomics. Over time, this controlled issuance supports stronger capital efficiency and appeal to other DeFi protocols.
For more on tokenomomics see Tapir Tokenomics document.
Takeaways
Why Should Investors Care About Tapir?
Tapir offers higher yields, customizable risk management, and flexibility not found in typical investing products. It provides insurance against slashing while still providing high yields. Investors who want stable returns can opt for fixed yields, while others seeking higher gains can leverage their positions. This adaptability makes the product appealing to a wide range of investors catering to varied preferences.
What Makes Tapir Unique?
Its modular design and customizable strategies set it apart. Investors can mix and match components—depeg protection, fixed yield, leveraged yield—to tailor their investments. A risk-averse investor might pair fixed yield with depeg protection, while a more aggressive one might go all-in on leverage. This versatility empowers each investor to align strategy with personal risk appetite and return goals.
