CanopyHub.xyz – Squarespace customer – (United States)
Forward-thinking developers use .xyz domains to drive innovation in blockchain technology. DeFi infrastructure platform Gauntlet.xyz aims to inform protocol decisions through data-driven modeling. Unified search engine OnDora.xyz strives to simplify multichain interaction with blockchain solutions. DeFi platform Fission.xyz seeks to reshape private equity with tokenized venture investments. In this week’s #BlockchainThursday, we’ll introduce you to a platform designed to simplify DeFi yield strategies across the Movement network: CanopyHub.xyz.
CanopyHub.xyz is the online home of Canopy, a decentralized platform designed to help users explore and manage DeFi yield opportunities across the Movement network. The platform is geared towards making liquidity deployment and reward tracking more straightforward by offering custom-built strategies, a unified dashboard, and a reward distribution system.
As part of the Move Collective accelerator by MovementLabs.xyz, Canopy is positioned to contribute infrastructure aimed at simplifying yield aggregation and improving liquidity efficiency.
The platform is designed to align with Movement’s goal of supporting scalable and transparent financial applications. In January 2025, Canopy raised $1.2 million in a funding round led by Mechanism Capital and CitizenX, with participation from Primitive, GSR, and Side Door Ventures.1
Canopy describes its structure as consisting of four layers. The Application Layer offers an interface intended to allow users to connect wallets and interact with strategies. The Reward Distribution Engine is designed to let projects offer token-based incentives, such as $MOVE or project-specific tokens. The Strategy Layer uses smart contracts that define how assets are deployed across DeFi protocols. The Protocol Layer includes integrations with platforms for lending, staking, and automated market making (AMMs). According to Canopy, these components are designed to support a modular system for building and accessing yield strategies on the Movement network.
The Canopy app includes three main pages. The Earn Page is designed to help users deposit assets into vaults with a few clicks. The Explore Page aims to display available strategies, vaults, and performance data. The Rewards Page is structured to consolidate earnings in one place and enable one-click claiming of rewards.
Canopy offers strategies such as Single-Sided Liquidity, which is geared towards users who prefer to deposit a single token into a liquidity pool. According to Canopy, this strategy is designed to reduce the need for token swaps and maintain efficient inventory ratios during market fluctuations. It reportedly uses automated, on-chain logic to rebalance positions based on factors such as asset thresholds, price movements, or time intervals. Lending strategies are also available, enabling users to deposit supported assets like USDC, wETH, or MOVE into Movement-native lending markets such as MovePosition, Echelon, or LayerBank. These strategies are aimed at generating yield from lending while streamlining participation through Canopy’s interface.
Canopy’s choice of the .xyz domain extension reflects its focus on innovation within the decentralized finance space. As a flexible and widely adopted domain among blockchain, web3, and AI projects, .xyz is frequently used by platforms aiming to introduce new models and ideas in emerging industries. By using CanopyHub.xyz, Canopy aligns its digital identity with a domain that is geared towards forward-thinking initiatives and accessible to a global audience. .XYZ also complements Canopy’s position within the Movement ecosystem, where projects frequently adopt next-generation tools and naming conventions to signal their role in shaping the future of decentralized infrastructure. You can learn more by following the platform on X/Twitter @canopyxyz, joining the Discord, and by visiting CanopyHub.xyz,
1.https://finance.yahoo.com/news/canopy-raises-1-2m-build-140000677.htmlXYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
