# Canary Exchange

> Let's change the world!

Canary Exchange is a decentralized exchange on Avalanche that lets users swap tokens, provide liquidity, and earn rewards through yield farming and staking.

Canary Exchange is a DeFi protocol deployed on the Avalanche C-Chain that uses an automated market maker model for permissionless token trading. Users can swap tokens, supply liquidity to earn trading fees and CNR token rewards, stake CNR or NFTs, and participate in a decentralized AVAX price prediction market. The protocol supports a deflationary tokenomics model through an auto-burn mechanism on the native CNR token.

- Type: Protocol
- Sector: Finance
- Status: Active
- Founded: 2021-05-01
- Profile: https://thegrid.id/profiles/canary_exchange

## Products

- [Canary Exchange](https://thegrid.id/profiles/canary_exchange): Canary Exchange is a decentralized exchange on the Avalanche C-Chain that uses an automated market maker model. Users swap tokens through liquidity pools, provide liquidity to receive CRL tokens representing pool ownership, and earn CNR tokens by staking CRL or CNR. The platform also supports yield farming and staking of Boogey Birds NFTs for CNR rewards. An on-chain analytics dashboard is available at info.canary.exchange. (Decentralised Exchange, Live, Main Product)
- [AVAX Prediction](https://thegrid.id/profiles/canary_exchange): AVAX Prediction is a decentralized prediction market on the Avalanche network. Users stake AVAX to predict whether the AVAX price will rise or fall within a fixed time interval. Correct predictions receive a proportional share of the total pool collected from that round. The product carries an open beta disclaimer. (Prediction Markets, Open Beta)

## Assets

- [Canary (CNR)](https://thegrid.id/profiles/canary_exchange): CNR is the utility token of Canary Exchange, a DEX operating on the Avalanche network. It is used for earning liquidity provision rewards, staking to earn additional CNR, and participating in governance decisions within the protocol. The token incorporates an auto-burn mechanism that reduces total supply at regular intervals, creating a deflationary supply model over time. (Utility)
- [Canary Liquidity Token (CRL)](https://thegrid.id/profiles/canary_exchange): CRL is the liquidity provider token of Canary Exchange. It is issued to users who create or add liquidity to pools and can be deposited to earn CNR tokens, with trading fees accruing proportionally to CRL holders. CRL tokens represent proportional pool ownership, with fees added to the pool and extracted upon withdrawal. (Vault Tokens)

## Links

- [Main](https://canary.exchange)
- [Documentation](https://docs.canary.exchange)
- [Whitepaper](https://canary.exchange/Litepaper.pdf)
- [Blog](https://canarydex.medium.com)
- [Twitter / X](https://x.com/CanaryDefi)
- [Telegram](https://t.me/canarydefi)
- [Telegram](https://t.me/canarydev)
- [Discord](https://discord.gg/7pq9tF9HnW)
- [GitHub](https://github.com/canarydex)
- [Reddit](https://www.reddit.com/r/CanaryExchange)
- [LinkedIn](https://linkedin.com/company/canary-exchange)
- [Medium](https://medium.com/canarydex)
- [YouTube](https://youtube.com/@canaryexchange)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP