What is Clipper?
Clipper is the blue-chip DEX with no impermanent loss.
Last updated
Was this helpful?
Clipper is the blue-chip DEX with no impermanent loss.
Last updated
Was this helpful?
Clipper is a DEX designed for blue-chip tokens (e.g., ETH, WBTC, USD stablecoins, etc.) and no impermanent loss. Blue-chip tokens comprise 70% of all on-chain trading volume.
Clipper's makes money for LPs using the same arbitrage strategy used by professional market makers, but implemented in a permissionless and non-custodial manner. In contrast to most DEXs, Clipper's LP yields are not generated from fees.
Clipper computes prices off-chain using a sophisticated formula that incorporates low-latency price feeds from centralized exchanges along with a snapshot of on-chain state. It then uses on-chain proofs to validate prices and preserve permissionlessness. This allows Clipper to make money from arbitrage, instead of paying a tax to arbitrageurs, while keeping gas fees low for traders. On Clipper, liquidity providers take home with no impermanent loss and traders can expect no whales or bots front-running their trades. Clipper was initially developed by and licensed to .
Previously, Clipper focused solely on smaller trades. Recent architectural improvements now allow it to provide best prices for all trades, with sufficient TVL.
Clipper is currently available on the following chains:
Ethereum
Polygon
Optimism
Arbitrum
Mantle Network
Base
⛵️ Fun Fact: Clipper is named for the mid-19th-century merchant vessels that revolutionized global trade. Clipper ships were designed for speed, partially by trading off cargo capacity, and made their owners millions of dollars.