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📖 Glossary of Terms

Empower yourself with knowledge. Understand the key concepts that drive the Canopy ecosystem.

AEGIS Contract​

An autonomous smart contract responsible for managing liquidity and token interactions within Canopy, ensuring seamless and secure operations.

Asset Owner​

An individual or entity holding tokens who can provide liquidity without selling off their assets using Canopy's Directional Liquidity technology.

Directional Liquidity​

Liquidity provision that allows for single-token liquidity provision, minimizing the risk of over-selling assets and reducing exposure to impermanent loss.

$LEAF Token​

The primary liquidity token used for trading, liquidity provision, and governance within the Canopy ecosystem.

$OAK Token​

A token representing long-term value accrual, redeemable for an increasing amount of $LEAF tokens over time, incentivizing sustained participation.

Impermanent Loss​

The temporary loss of funds experienced by liquidity providers due to volatility in a trading pair, which Canopy mitigates through D-AMM technology.

Liquidity Provider (LP)​

An individual or entity that supplies tokens to liquidity pools in exchange for potential rewards, contributing to the ecosystem's liquidity and stability.

Total Value Locked (TVL)​

The total value of assets deposited in a DeFi protocol or platform, indicating the level of participation and trust in the system.

Governance​

The process by which token holders influence and make decisions regarding the Canopy ecosystem, ensuring a community-driven approach.

Single-Token Liquidity Pods​

Specialized pools within the D-AMM where asset owners can deposit a single type of token for liquidity provision without needing to pair assets.

Directional Liquidity​

A type of AMM that allows for single-token liquidity provision, reducing the risk of impermanent loss.

System-Owned Liquidity​

Liquidity that is owned and managed by the Canopy platform itself, reinvesting fees back into the ecosystem for sustainable growth.

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