DeFi yield strategy platform Canopy has raised $1.2 million in a funding round led by Mechanism Capital and CitizenX

TechFlow News, January 30 — Canopy, a DeFi yield strategy platform within the Movement Labs ecosystem, announced it has raised $1.2 million in funding. The round was co-led by Mechanism Capital and CitizenX, with participation from Primitive, GSR, and Side Door Ventures.

Canopy is part of Movement's Move Collective accelerator program and is focused on building DeFi infrastructure. The platform offers a unified user experience, enabling users to discover, optimize, and manage yield opportunities through a single dashboard, while providing diversified yield options via custom strategies and protocol integrations.