Introduction

How does it work?

Clipper has a hybrid onchain/offchain infrastructure. We expose an API to you with price feeds and a k-parameter, and give you the formula that we use to quote prices based on those + onchain data. That way you can route based on predictions of what Clipper will quote. Once you’re ready to use Clipper in a route you request a quote from our servers. Output scales with input so you can compose in multihop trades.

Clipper prioritizes protecting LP yield and restricts toxic bot flow. Clipper values real users. To prevent toxic flow Clipper verifies wallets. Specifically it makes a verification on the wallets used for swaps and checks whether they are EOA (not contracts), have a min amount of ETH, and have done previous txs.

RFQ Swap API

Client retrieves pool information
Client inputs pool information (price feeds, k factor, etc) in the formula to predict quotes.
Client retrieves a firm quote from API
Client creates a swap transaction in the clipper pool contract using values from previous step.