Glossary
Quick definitions of the terms used throughout these docs. Linked terms have a dedicated page with the full detail.
| Term | Meaning |
|---|---|
| CNPY | Canopy's native coin. canoLiq pools it and stakes it; it does not issue it. Tracked in uCNPY (1 CNPY = 1,000,000 uCNPY). |
| cCNPY | Liquid-staking receipt token minted when you deposit CNPY. Its value grows as the exchange rate rises. See The Two Tokens. |
| CPLQ | Fixed-supply (100M) governance token. Stake it to vote and to share in protocol value. Tracked in uCPLQ. |
| Exchange rate | total pooled CNPY ÷ total cCNPY supply. Rises as staking rewards accrue, making each cCNPY redeemable for more CNPY. |
| TVL | Total Value Locked — the total CNPY pooled in the protocol (total_pooled_cnpy). |
| Peak TVL | The highest TVL ever reached. Used to size the insurance reserve target. |
| TVL cap | An optional ceiling on total deposits, used to grow the protocol gradually. See TVL Cap. |
| Redemption | A queued cCNPY → CNPY conversion. Matures after an unbonding window, then is claimed. |
| Unbonding / unstaking window | The cooldown between requesting an exit (redemption or CPLQ unstake) and being able to claim. |
| Protocol fee | The 12% cut taken from staking rewards, split 40/30/15/15. See Fee Structure. |
| Vesting | Time-released unlocking of genesis CPLQ allocations, with a cliff then linear unlock. See Vesting. |
| Staking (CPLQ) | Locking CPLQ to gain governance voting weight (distinct from staking CNPY). |
| Vote-escrow | Optionally locking staked CPLQ for 3–24 months to multiply voting weight (up to 4×) and boost rewards. See Vote-Escrow. |
| Proposal | An on-chain governance motion (fee change, treasury spend, buyback, etc.). |
| Quorum | The minimum total voting weight that must participate for a proposal to count. |
| Approval / pass threshold | The share of yes-vs-no weight needed for a proposal to pass. |
| Governance tier | The per-action rule set (quorum, approval, timelock, voting period) chosen by a proposal's type. See Governance Tiers. |
| Timelock | A mandatory delay between a proposal passing and its effect executing. |
| Snapshot | A read-only frozen copy of plugin state, published each block, that the HTTP API serves from. |
| Buyback | Using the buyback pool to acquire CPLQ, then either burning it or distributing it to stakers. See Buyback. |
| Insurance fund | A reserve skimmed from the treasury slice to cover future losses (e.g. slashing). See Insurance Fund. |
| Treasury | DAO-controlled funds (in CNPY and CPLQ) spent via governance, with multisig + timelock above a threshold. See Treasury. |
| Multisig | A required set of approving signers for large treasury spends. |
| Autonomy graduation | The milestone where canoLiq, having met five health thresholds, can become a sovereign chain. See Autonomy Graduation. |
| bps | Basis points. 10,000 bps = 100%, so 1,200 bps = 12%. canoLiq expresses fractions in bps to stay in integer math. |
| FSM | Canopy's Finite State Machine — the core that runs consensus. canoLiq plugs into it. |
| EndBlock | The per-block hook where canoLiq sweeps rewards, tallies proposals, executes spends, and evaluates alerts. |