SAIL Token

Clipper stands out as a decentralized exchange (DEX) uniquely tailored for blue-chip tokens like ETH, WBTC, and USD stablecoins, boasting a solution devoid of impermanent loss. Blue-chip tokens, which constitute a substantial 70% of on-chain trading volume, are at the heart of Clipper's focus. Distinguished by its innovative architecture, Clipper enables liquidity providers (LPs) to generate profits through an arbitrage strategy akin to those employed by professional market makers. This strategy operates within a permissionless and non-custodial framework, setting Clipper apart from conventional DEX models where LP yields typically stem from fees. Clipper's cutting-edge approach involves off-chain price computation utilizing a sophisticated formula. This formula integrates low-latency price feeds from centralized exchanges alongside on-chain state snapshots. Subsequently, on-chain proofs validate these prices, ensuring permissionlessness while preserving accuracy. By capitalizing on arbitrage opportunities, Clipper generates revenue without imposing fees on traders, thereby keeping gas costs minimal. Consequently, LPs enjoy enhanced yields devoid of impermanent loss, while traders benefit from a level playing field devoid of whales or bots front-running their transactions. Originally developed by Shipyard Software and subsequently licensed to AdmiralDAO, Clipper represents a pioneering solution within the decentralized exchange landscape, offering a seamless and equitable trading experience for both LPs and traders alike.