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Canopy
Canopy is an all-in-one yield aggregation platform for the Movement DeFi ecosystem, a Layer 2 on Ethereum. It provides a user-friendly interface for users to manage their digital asset portfolios, deploy assets into top DeFi protocols, and stack compounding rewards. The platform aims to simplify liquidity management and enhance standard DeFi yields by adding Canopy incentives and partner protocol rewards.
Distributed
Description
Canopy is a yield aggregation platform designed to optimize liquidity management within the Movement DeFi ecosystem, a Layer 2 solution on Ethereum. It offers a front-end interface that simplifies user interaction with the underlying blockchain's smart contracts, allowing users to manage their digital asset portfolios. Users can deploy assets into various DeFi protocols on Movement to multiply returns by compounding rewards, layering Canopy incentives and partner protocol rewards on top of standard yields. The platform features an all-in-one dashboard to track and optimize investments and provides access to a wide range of DeFi strategies. Canopy's architecture is structured into four key layers: an Application Layer for user interaction, a Reward Distribution Engine for incentivization, a Strategy Layer with smart contracts defining liquidity flows, and a Protocol Layer that integrates with DeFi protocols like AMMs and lending platforms.Grant Funding
VC Funding
None
2025
$0
$1.2M