Clipper is a DEX built for swapping blue-chip tokens (such as ETH, WTBC, USD Stables, etc.), which represent 70% of all on-chain trading activity. Its new architecture uses off-chain price data for these assets inside a more advanced pricing formula, then checks those values on-chain. By doing so, it eliminates reliance on arbitrageurs and helps keep gas costs lower for traders. On Clipper, trades are designed to be free from whale or bot front-running, while liquidity providers can earn better yields without experiencing impermanent loss. Clipper was first created by Shipyard Software and later licensed to AdmiralDAO.

Previously, Clipper mainly handled smaller transactions. With recent upgrades to its architecture, it can now deliver the best pricing across all trades when there is adequate TVL.

Clipper is currently available on the following chains:

Ethereum

Polygon

Optimism

Arbitrum

Mantle

Moonbeam