Tokenomics Overview

canoLiq manages two tokens alongside CNPY — a yield-bearing receipt and a fixed-supply governance token. If you want the friendly version first, read The Two Tokens; this page is the reference.

cCNPY — Liquid Staking Receipt

cCNPY is minted 1:1 against deposited CNPY at the current exchange rate. It represents the holder's share of the total pooled CNPY backing.

• Minting: Users deposit CNPY via MessageCanoliqDeposit, receiving cCNPY at the current rate
• Redemption: Users burn cCNPY via MessageCanoliqRedeem, queuing a CNPY 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.