Clipper exchange👑

    About Clipper
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    A DEX Built for Retail Traders

    Clipper is a decentralized exchange custom-designed to give traders the lowest per-transaction costs (including fees, slippage, and gas) on trades under $50k.

    The vast majority of DEXs are structured in a way that prioritizes high dollar trading volume above all else. In practice, this model generates profit-scalping opportunities for bots and arbitrageurs, often to the detriment of retail traders. These exchanges were built to serve everyone, but their emphasis on volume makes it so that their benefits only actually accrue to big traders like whales, hedge funds, and market makers. Clipper is the antithesis of this approach.

    Clipper’s design is contrary to that of most DEXs in several ways. The most significant is that Clipper utilizes a unique Automated Market Maker (AMM) mechanism called the Formula Market Maker (FMM), rather than the Constant Product Market Maker (CPMM) used by most DEXs. Clipper also implements various design trade-offs that sacrifice price competitiveness on large trades for better prices on smaller trades. These differences in design make it so that Clipper is able to provide users with the best possible prices on small trades and superior LP yields without any impermanent loss!