A redeemable endowment mechanism for $CNPY.
A treasury you can’t claim is a number.
Backing you can redeem is something else entirely.
Every $CNPY trade can contribute value to the system.
That value can be used to acquire tokenized equities for a permanent Endowment.
The Endowment is designed to become a redeemable claim rather than a discretionary treasury.
A holder can burn $CNPY and receive their proportional share of the Endowment, in kind.
It is not intended to hold $CNPY, $CNPY liquidity, or any rwa.store index containing $CNPY.
The reason is structural: backing must remain economically external to the asset it supports. Backing a token with itself produces a number that falls exactly when it is needed.
Assets are not intended to be sold for discretionary treasury operations.
The backing is made from assets whose value does not depend on $CNPY.
Holders can claim a proportional share through burn-redemption.
If a holder owns 1% of the redeemable supply and burns that position, they receive approximately 1% of each Endowment asset, minus any exit fee.
The protocol does not need to sell the basket first. The redeemer receives the underlying tokenized assets directly, which is what makes the claim independent of market conditions at the moment of exit.
Illustrative figures only. The redeemable supply shown is a round number chosen to make the arithmetic legible, not a published figure — exact burn and dead-address accounting for $CNPY is still being confirmed, and the live number will differ.
The allocation rule is a design intent, not a deployed contract. Thresholds, capital limits and the mechanism that reads the ratio are all subject to feasibility work.
Receive distributable protocol revenue and eligible corporate-action proceeds.
Recycle distributable value back into the system rather than taking it out.
No emissions. No inflationary reward token.
Returns are intended to come from assets owned or revenue earned — which also means they are bounded by what the system actually earns, rather than by a schedule.
Both modes are conceptual. Neither is implemented, and the split between distributable and retained value has not been fixed.
A permanent share of future rwa.store protocol revenue can route into the Canopy Endowment. That makes the Endowment a claim on a product line rather than on a single token’s trading activity.
Any index held by the Endowment must exclude $CNPY. The second loop is the one place where circular backing could be introduced by accident, so the exclusion is a hard constraint rather than a preference.
Where value is reflected through a token’s multiplier — for example uiMultiplier() — the token’s price changes while its raw balance does not. In that case the value stays part of Endowment principal.
Where a separate transferable asset is received instead, it arrives as a distinct balance, and may be treated as distributable income.
Final treatment depends on the live mechanics of each supported asset. Corporate-action handling differs between issuers and is being verified per asset rather than assumed.
Placeholders. No live values are shown anywhere on this page, and none of these figures should be inferred from the illustrative example above.
Every $CNPY trade can acquire tokenized equities for a permanent Endowment, and holders can burn $CNPY for their proportional slice, turning the treasury from a number on a dashboard into a redeemable claim.
Sophisticated internals.
One simple idea: backing should be claimable.