Two Apps, Two Networks: Canoliq and Praxis Open the Next Chapter on Canopy

Every platform eventually gets asked the same question: what has actually been built on it? This month, Canopy has two answers.

Canoliq, a liquid staking protocol built by Nodefleet, and Praxis, an onchain prediction market, are now live as their own apps on Canopy mainnet. They could hardly be more different. One is core financial infrastructure for people who secure the network. The other is a market where anyone can put a price on what happens next. But they arrived the same way: built with the Canopy Stack, launched through Canopy Terminal, and running as independent networks that their teams own.

That shared path is the story. Two teams, two very different ideas, and one launch model that worked for both.

Canoliq: staking without standing still

Staking has always come with a trade-off. When you stake, you help secure a network, but your tokens sit locked until you unstake. Canoliq is built to ease that trade-off.

When you stake through Canoliq, you get cCNPY back, a liquid token that represents your staked position. Your stake keeps working in the background, and cCNPY stays in your wallet, where you can move it or use it across DeFi. When you want out, you redeem cCNPY through a redemption window of about 30,240 blocks, roughly a week at Canopy's block time. There is no minimum deposit.

Canoliq also made history on its way in. Last week it became the first third-party app to graduate from the Canopy launchpad. It went from a project running inside Canopy Terminal to its own network on mainnet, with its own blocks, explorer, and wallet support. Once graduation began, the whole crossing took about twelve minutes.

For node operators, getting involved is intentionally simple. Canoliq runs as its own committee on Canopy, and a validator already securing Canopy can join by adding that committee to their existing stake. It takes one setting, with no new keys and no unstaking. Those who would rather not run infrastructure can delegate instead. Nodefleet has published a ready-to-run node setup that syncs from genesis in about twenty minutes.

Canoliq is a good example of what Canopy was designed for: a focused team building a specific piece of infrastructure as its own network, without first spending months recruiting validators or raising money to pay for security.

Praxis: a market for what happens next

Prediction markets have become one of the clearest ways the internet forms a view. Instead of polls or punditry, people put a price on an outcome, and the price becomes the forecast. Praxis Market brings that idea onchain, running as its own app on Canopy.

The format is intentionally simple. Every market asks a YES/NO question, and every share settles on the answer. Under the hood, Praxis prices trades with LMSR (the logarithmic market scoring rule), an automated market maker designed for prediction markets. In plain terms, the market maker itself is designed to be the counterparty, so pricing does not depend on finding someone to take the other side. That addresses one of the biggest problems young prediction markets face: waiting for enough traders to show up before the market means anything.

When a question is answered, markets resolve through a decentralized process instead of a single operator deciding the result. Participants can also earn PRX, the app's own token.

Because Praxis is its own network rather than a contract on someone else's chain, its team controls the pieces that matter most for a market product: how fast it settles, what it charges, how resolution works, and how the app changes over time.

Praxis was built by Makaveli, who came to Canopy in late 2025 as a self-taught builder with no traditional coding background, working entirely through AI-assisted workflows on his phone. He points to the first Vibe Code Contest as the turning point. It showed him, in his words, that "someone without a conventional dev background could ship something real on Canopy if the idea and execution were solid."

One path, two very different apps

The interesting thing about Canoliq and Praxis is not what they have in common as products. It is that they have almost nothing in common, and still took the same route to market.

Build. Both teams defined their apps with the Canopy Stack, writing application logic in familiar languages instead of forking and maintaining a large blockchain codebase.

Launch. Both launched through Canopy Terminal, where a new app and its community can form around it from day one, without a private fundraise as the price of admission.

Secure. Neither team had to recruit a validator set before going live. Each app is secured by a committee of existing Canopy validators, so users get real security from the first block.

Graduate. Each app runs as its own network, owned by its team. Canoliq has already shown that the final step, from living inside a launchpad to standing on its own, works in practice and not just on paper.

That is the model Canopy was built around: apps should be able to become their own networks without starting from zero. Liquid staking and prediction markets are a good test of it, because they sit at opposite ends of the spectrum. One is infrastructure that other apps will build on. The other is a product people use directly. If the same path serves both, it can serve a lot of what comes next.

What comes next

Canoliq and Praxis are the start of the first wave, not the whole of it. More teams are building with the Canopy Stack now, and each app that launches adds to a growing set of networks that can work with one another.

If you want to explore these apps, start here:

• Canoliq: canoliq.org and the docs
• Praxis Market: @praxis_fdn

If you have an idea that deserves to be its own network, the Canopy build guide is the place to begin. We would love to see what you launch next.