# Overview MaxCap is the governance token of the Nuon v2 protocol and is distributed to NUON stakers on a Bitcoin-style emission curve. Maxcap holders need to stake their tokens in order to earn the excess yield of the system (in excess of Truflation APY paid to NUON holders). MaxCap holders are incentivized to attract as much capital as the system can support, as they earn more if there are enough yields in the system, and, because they are entitled to the yield in excess of Truflation, they lose more if they allow too much NUON to be minted. When staked, MaxCap earns the yield on deposited USDC in excess of the Truflation APY paid to NUON holders. These returns auto-compound in the vaults until the staking period is over; after that time, MaxCap token holders can withdraw their accumulated share of rewards. MaxCap also confers governance rights in the Nuon protocol (see Governance). --- # 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://whitepaper.nuon.fi/maxcap/overview.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.