What is Clipper ?
Clipper is a decentralized exchange that aims to provide traders with the lowest per-transaction costs on trades under $50k, making it more accessible to retail traders. The platform uses a unique Automated Market Maker (AMM) mechanism called the Formula Market Maker (FMM), which uses a more complex pricing formula than the Constant Product Market Maker (CPMM) to provide LPs with actual profits. Clipper also maintains smaller liquidity pools to optimize fees and slippage for small trades, and it has two unique liquidity pool structures: Core Pools and Coves. Core Pools are multi-asset liquidity pools composed of Core Assets, and LPs earn a yield on a pro-rata portion of the entire pool. Clipper DEX is great for users who want to participate in DeFi with low fees!
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