Tokenomics Overview

canoLiq involves three tokens: CNLQ, the native coin of canoLiq mainnet (chain 29), and the two tokens the protocol manages, cCNPY (a yield-bearing receipt) and CPLQ (a fixed-supply governance token). CPLQ and CNLQ are different assets. If you want the friendly version first, read The Tokens; this page is the reference.

CNLQ — the chain's native coin

CNLQ is the native coin of Canopy chain 29, the chain canoLiq graduated to from the Canopy launchpad. The protocol does not issue it; its supply is set by the chain:

• Genesis: 100,000,000 CNLQ at graduation, of which 25,000,000 seeded the CNLQ/CNPY liquidity pool on Canopy's DEX (that position is locked for good).
• Emission: block rewards set by the chain: 15 CNLQ per block in its configuration, halving every 3,153,600 blocks (about a year).
• Live figures: price, supply, holders, liquidity and volume are on the Economics dashboard.

The protocol code and API name it "CNPY" (for example uCNPY, totalPooledCnpy), a name it keeps from being a generic Canopy plugin. On mainnet, read those as CNLQ.

cCNPY — Liquid Staking Receipt

cCNPY is minted at the current exchange rate: only the very first deposit is 1:1. It represents the holder's share of the total pooled CNLQ backing.

• Minting: Users deposit CNLQ via MessageCanoliqDeposit, receiving cCNPY at the current rate
• Redemption: Users burn cCNPY via MessageCanoliqRedeem, queuing a CNLQ redemption
• Claim: After the unstaking window, users claim matured redemptions via MessageCanoliqClaimRedemption

The exchange rate fluctuates as staking rewards accrue:

exchangeRate = totalPooledCNPY / totalCCNPYSupply

CPLQ — Governance Token

CPLQ is a fixed-supply (100M) governance and value-capture token.

• Total Supply: 100,000,000 CPLQ (100,000,000,000,000 uCPLQ with 6-decimal precision)
• Minting: Entire supply minted at genesis, distributed across vesting buckets
• Governance: CPLQ holders stake for governance weight; voting weight is snapshotted at proposal creation
• Vote-Escrow: Locking staked CPLQ for 3–24 months multiplies voting weight (up to 4×) and boosts buyback rewards — see Vote-Escrow
• Vesting: Allocations follow cliff + linear vesting schedules; recipients must call MessageCPLQClaimVested to unlock

Genesis Distribution Buckets

Bucket	BPS	Vesting
Community	Varies	Cliff + linear
Team	Varies	Cliff + linear
DAO Treasury	Varies	Immediate (liquid)
Liquidity	Varies	Varies

Configure your specific distribution in genesis.json.