> For the complete documentation index, see [llms.txt](https://docs.nuon.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nuon.fi/maxcap-token.md). # 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 This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.nuon.fi/maxcap-token.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.