DeFi platform Canopy completes $1.2 million funding, led by Mechanism Capital and CitizenX

ChainCatcher news, the DeFi yield strategy platform Canopy announced the completion of a $1.2 million funding round, led by Mechanism Capital and CitizenX, with participation from Primitive, GSR, and Side Door Ventures.

Canopy is a member of the Move Collective accelerator under Movement Labs, focusing on solving the issues of liquidity fragmentation and low yield efficiency in the DeFi space. The platform offers a one-stop yield strategy management service, integrating customized strategies and collaborative protocols to help users optimize their returns. Meanwhile, its reward distribution engine can automatically compound and optimize yield generation.