Movement acquires Canopy to build Vault infrastructure

Odaily星球日报讯 Movement has announced the acquisition of Canopy, officially integrating its Vault infrastructure into its core technology stack. The specific acquisition amount has not been disclosed. Canopy is a Vault-layer infrastructure deployed on the Movement Network, allowing users to conduct asset allocation and yield strategy combinations on-chain with independent strategy managers. It operates in coordination with the on-chain credit protocol MovePosition, forming a core component of the network's financial infrastructure. Following this acquisition, the smart contracts and technical systems related to Canopy will be directly owned and maintained by Movement, enabling deep integration between the Vault layer and modules such as the credit protocol to enhance inter-protocol synergy and system consistency.