MaxCap Token

Protocol Stewardship 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.