Introducing Details on Clipper’s Polygon Community Liquidity Program!

Introducing Details on Clipper’s Polygon Community Liquidity Program!

Since integrating with Polygon, Clipper has seen a surge in activity as users take advantage of the L2’s low trading costs and granular swap features on the Clipper DEX.

We’re excited to announce that Clipper’s Polygon Community Liquidity Program (CLP) is now live!

Polygon CLP Highlights:

  • This Polygon CLP program will support the following core crypto assets: WETH, WMATIC, WBTC, USDC, USDT, in addition to all Crypto Cove assets.
  • There are no deposit limits or lockup periods, and LPs can either execute a single-asset withdrawal or receive a proportional mix of all seven assets in the pool, which reflects their overall ownership of the pool.

Who can deposit liquidity in Clipper’s Polygon CLP?

Clipper's Polygon CLP is open to all community members who whitelist their wallet address.

Additionally, four crews of DeFi pirates from Clipper's first Adventure received a chance to join the Polygon CLP whitelist, alongside community members who attempted to contribute during Clipper’s first CLP. There may be additional opportunities for non-whitelisted participation following the initial restricted deposit period, but this will be subject to the amount of liquidity the Polygon CLP accrues and we will update the community with any new developments.

How does this Polygon CLP Differ from Clipper’s Mainnet CLP?

Clipper's original Mainnet CLP involved capped deposits and mandatory lock-up periods to optimize for low, stable trading prices. Following Clipper's FMM update in April 2022, Clipper's Mainnet CLP is now more in-line with Clipper's Polygon CLP, both in terms of flexible withdrawal options and above-market yields!

Whitelisted addresses can deposit liquidity via Clipper's Polygon CLP whenever they choose to, and 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, in order to optimize the pool distribution and ensure an optimal spread.

Polygon is the First of Many L2 Integrations for Clipper

Clipper's integration with Polygon means retail traders operating on Clipper DEX will now be able to perform swaps at an even lower cost than before. Even if you don’t plan on participating in Clipper’s Polygon CLP, you can still benefit from low cost swaps on Clipper via Polygon, and specify desired output amounts for each swap in order to avoid frontrunning. All you need to do to use Clipper on Polygon is transfer their digital assets from Ethereum to Polygon via the cross-chain bridge run by the Polygon network, and then connect their wallets to Clipper on the Polygon network.

If you’re looking for a server to use when setting up JSON-RPC for Polygon, the below options are a great place to start:

This Polygon CLP furthers Clipper’s mission to offer the lowest cost trades to anyone engaging with DeFi and provides a new channel for  community participation and value creation. This is just one of many destinations within the vast DeFi seas, and Clipper will roll out similar opportunities involving other network integrations down the line!