What is the difference between Clipper Pools and Clipper Coves?
Clipper Pools are multi-asset liquidity pools composed of Core Assets. Pools are maintained at the ideal volume for small trades. Clipper Coves is an ecosystem of liquidity pools containing one Cove Asset and ClipperLP tokens, they enable the trading of any asset through Clipper.
Clipper Coves is only supported on Moonbeam and Polygon right now.
How long will my deposit be locked before I can withdraw?
Your deposit in Clipper Pools will be locked for a short period of time that varies with each chain. You will be shown your deposit lock period once you've connected your wallet. After the period has ended, you can unlock it, then withdraw.
Anyone who has whitelisted their wallet address has the chance to participate in Clipper's Pools. You can whitelist your wallet during registration periods. View registration events here. If you miss a registration period, don't worry, there will be more.
How does a token's current balance in the Pool affect the value of a deposit?
Liquidity providers will be granted a larger number of pool tokens (and therefore, a higher percentage of pool ownership) for depositing assets that are currently undersupplied in the pool.
By looking at the star rating next to each asset, you can see how it's supply in the pool will impact your deposit. (i.e. An asset rated with 3 stars is undersupplied, therefore a deposit of this asset may be more likely to increase in value. An asset rated 1 star or 0 stars is oversupplied in the pool, therefore a deposit of this asset may be less likely to increase in value.)
What policies ensure that the Clipper Pool will remain at the optimal size for small trades?
The Pool is restricted to whitelisted addresses and a deposit limit. This regulates the total amount of deposited capital in the Clipper Pool.
How do I get on the Clipper Pool whitelist? You should include XYZ on the whitelist!
We want active members of the community to participate, so we are taking a whitelist approach. Currently, whitelisting involves being an active and verified member in one or more Discord servers, including the Clipper discord server.
Questions about Transaction Issues
I'm having problems transacting on Polygon. Is it a problem with the Clipper website or with my wallet?
To check, disconnect your wallet and refresh the page (be sure that the red button says "Connect your wallet"). If you are able to get a quote for the assets you want to swap, then the problem is with your wallet, specifically, with the RPC endpoint that you used to set up the Polygon network.
We suggest the following RPC endpoints for Polygon:
We believe that Polygon-RPC is the best anonymous public choice. Set your RPC URL to https://polygon-rpc.com to use it.
Infura is robust, stable, and highly performant. It is what the Clipper developers and website use. It is free for individual accounts but signing up requires a credit card.
We've also found Polygon to be more unreliable than the ETH mainnet, and so you may be observing issues with the Polygon network itself as opposed to the specific RPC endpoint you've selected.
If you cannot get a quote from the webpage after disconnecting your wallet, then the problem is with the Clipper website and we'd appreciate you letting us know in Discord.
Why did my transaction fail ?
The most likely explanation is that your order took too long to reach Clipper's on-chain market maker. In Clipper's FMM architecture, the market maker's quotes are only valid for a certain window of time (which changes based on chain). Please try again.
Why is my transaction pending for so long?
The most likely explanation is that the gas price associated with your transaction was too low for miners to consider including it in a new block. Depending on your wallet, you may be able to cancel your pending transaction, or to re-submit it with a higher gas price. Etherscan maintains a detailed "Gas Tracker" page with frequently updated estimates of execution price and timeliness.
Will my gas cost be refunded?
As is typical for interactions on blockchains, any gas that was not consumed by a transaction on Clipper will be refunded to its sender.
Questions about Governance and Tokens
Why can't I find the token I am looking for?
Moonbeam and Polygon:
Clipper supports a wide range of assets on Moonbeam and Polygon via Clipper Coves. On these networks, you can activate a Cove for any asset and trade with that asset on Clipper.
Clipper was designed to offer the best trading prices for ordinary crypto traders, for the most popular and commonly traded cryptocurrencies. In order to do so, Clipper’s liquidity pools need to be carefully optimized, and it would not be beneficial to our users if we included a wide catalog of less frequently traded tokens, at the cost of maintaining our core assets and user base.
What are Core Assets and Cove Assets?
Core Assets are the cryptocurrencies that are offered natively through Clipper and make up Clipper’s current liquidity pools.
Cove Assets are any alt-coin or other crypto asset that you wish to trade on Polygon and Moonbeam using Clipper Coves.
What are ClipperLP/CLPRDRPL tokens?
ClipperLP tokens are identical to the CLPRDRPL tokens that liquidity providers receive in exchange for contributing to Clipper’s main liquidity pools.
ClipperLP tokens are used exclusively as intermediary tokens for depositing and withdrawing from Clipper’s Liquidity Pools or Coves.
For USDC, USDT, WETH, WBTC, and DAI, Clipper uses the Nomad Bridge. We believe this bridge is the safest, most secure, most trusted bridge to transmit assets onto Moonbeam. It was specifically recommended to us by the PureStake team that operates Moonbeam.
For MOVR, Clipper uses the Meter Passport bridge from Moonriver onto Moonbeam. We selected this bridge because MOVR is the native token on Moonriver.
How do I get air drops?
No airdrops have been announced by Clipper.
If you see any posts about upcoming airdrops, giveaways, or any other unexpected promotion, be sure to verify the authenticity of the message and sender and always be on the lookout for impersonators and other scammers.