# MaxCap Token ## MaxCap (Strategy Token) Overview Formerly referred to as the "strategy token," MaxCap (MAXCAP) is the governance and yield strategy token of the Nuon protocol. It represents the risk-bearing layer of the ecosystem and is designed for advanced DeFi users. MaxCap stakers gain **access to voting on protocol asset allocations for a share of portfolio excess yields** but also serve as the **first line of consumer protection and protocol insurance** for the Nuon stablecoin holders in case of a liquidity crunch. #### MaxCap Governance Model * Veto-based lightweight governance * Proposals are automatically approved unless vetoed by 2% of voting power * Staked MaxCap allocates USDC to specific strategy vaults MaxCap holders, known as Stewards, are incentivized to make informed allocation decisions. Their performance affects both their rewards and their staked capital in case of poor outcomes. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.nuon.fi/maxcap-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.