What is Clipper? Clipper is a decentralized exchange (DEX) built for independent traders, not hedge funds or whales. So what’s different about Clipper compared to current DEXs? Let’s Weakhand let’s find out.
And to understand more about Clipper, please read the articles below:
- What is QuickSwap (QUICK)? QuickSwap Cryptocurrency Overview
- What is Pancakeswap (CAKE)? Pancakeswap Cryptocurrency Overview
- What is Orca (ORCA)? Orca Cryptocurrency Overview
What is Clipper?
Overview of Clipper
Clipper is a decentralized exchange (DEX) built for small, independent traders, not hedge funds or whales. Clipper is designed to have the lowest cost per transaction for smaller transactions across the most popular cryptocurrencies.
Clipper is designed to give traders the best prices anywhere (including fees, slippage and gas) for their small trades. The protocol is designed to provide traders with the best prices for small transactions (~10k USD)
Clipper currently supports blockchains: Ethereum, Polygon, Moonbeam, Arbitrum one; Clipper currently supports trading between stablecoins (DAI, USDC, USDT) and wBTC or ETH.
Clipper Difference
Clipper is designed with one main goal: price optimization for smaller transactions (≤$10K). This is done by limiting liquidity and minimizing temporary losses.
Liquidity limit: Clipper has two unique structures to provide liquidity and capture yield: Clipper Pools and Clipper Coves
Clipper Pools:
is a multi-asset liquidity pool consisting of Core Assets (BTC, ETH, WETH, USDT, USDC, DAI). The pool is maintained at an ideal volume for small transactions. Clipper allows liquidity providers to deposit assets into Pools and is limited per asset deposit (maximum $100K).
When users provide liquidity to the Pool they will receive tokens instead (“CLPRDRPL”) – The utility of these tokens is only to measure the value of the deposit and is exchanged for tokens from the pool at the time of withdrawal. To withdraw liquidity deposits and accumulated rewards, Clipper liquidity providers burn their CLPRDRPL pool tokens in exchange for crypto assets in the pool.
Assets deposited into LP will be locked for a certain period of time, and liquidity providers will receive a transaction fee, which is added to the total value of deposited assets and withdrawn with the amount of assets. Original product sent initially.
Clipper Coves: Clipper Coves (Currently only supported on Moonbeam and Polygon) users add liquidity like other Protocols with 2 types of tokens of equal value. Coves made up of separate user-generated liquidity pools, all comprised of a single Cove Asset and ClipperLP token.
Clipper users can swap any asset using Clipper Coves. Specifically:
- Swap between different Cove assets: Traders can make cost-effective alt-to-alt swaps through Clipper Coves.
- Swap between Cove Assets and ClipperLP tokens: Users can deposit Cove assets (altcoins) into Cove to receive Clipper LP tokens in return.
- Swap between Core Asset and ClipperLP token: User can swap their ClipperLP tokens with any of the five Clipper Core Assets and vice versa.
- Swap core assets to get Cove assets: Traders can deposit core assets into Clipper to receive Cove Assets from the corresponding Cove.
Minimize Impermanent Loss
Clipper does this by looking at external market prices through usage offchain oracle in addition to the proportion of assets in the pool instead of relying solely on arbitrageurs to adjust prices. The Clippers will update prices quickly as the market changes and don’t need a spread line to even out the team size. Clipper is also particularly “sensitive” to arbitrage lines, mainly due to its small group size.
Clipper Development Roadmap
- Alpha Phase: Test Clipper’s security before releasing it to the community.
- Beta: Use Clipper with a small group.
- Community liquidity program
- Expand to other chains
Core Team
Clipper is designed and developed by Shipyard Software – a corporation based in the United States. Shipyard is a software development company founded by Mark Lurie and Abe Othman
Mark Lurie: CoFounder
- Mark Lurie graduated with a Bachelor of Economics from Harvard University (2003-2007), and a Master of Business Administration from Harvard Business School (2011).
- Mark Lurie previously founded two startups. As Founder and CEO Codex.
- Before Codex, Mark founded an online marketplace for art & collectibles, which was acquired in 2016.
- Previously, Mark was an investor at FJLabs and Bessemer Venture Partners.
- Mark serves on the board of The Foundation for Art & Blockchain, a non-profit organization, as well as the board of GMO Trust, a regulated stablecoin issuer and a venture partner in FJLabs.com.
Abe Othman: CoFounder:
- Abe Othman received an AB in Applied Mathematics from Harvard University; Graduated with a PhD in Computer Science from the school Carnegie Mellon.
- Abe Othman was an initial advisor to the Augur project along with Vitalik Buterin.
- Abe Othman has published commentary in the Financial Times and TechCrunch on the design of decentralized systems.
- Abe Othman has founded two companies with successful exits and has invested in 30 early-stage startups.
Investor
Clipper has raised $21 million from major investment funds led by Polychain Capital. Other investors include 0x Labs, DeFi Alliance, MetaCartel DAO, Nascent Capital, Electric Capital, Prycto, IOSG, Cadenza, Kerve Capital, Defiance Capital and 3 Arrows.
Tokenomics
Updating
Clipper Project Information Channel
- Website: https://clipper.exchange/app/liquidity/coves
- Twitter: https://twitter.com/Clipper_DEX
- Medium: https://medium.com/@clipper_dex
- Discord:
Summary
Hopefully the article provides readers with more information about Clipper – a decentralized exchange (DEX) built for small, independent traders to help them participate in the cryptocurrency ecosystem easily. easier.
Currently Clipper has not launched tokens, users can join early to have the opportunity to receive Retroactive in the future.