Shipyard Software raises $21M for its First Decentralized Exchange- Clipper

Clipper DEX to offer best available prices to retail traders under $10k

 

SAN FRANCISCO, July 13, 2021 (GLOBE NEWSWIRE) — Shipyard Software announced today it has raised $21M for Clipper, a next-generation decentralized exchange (DEX) that caters to retail traders. A $4M equity round was led by Polychain Capital with participation from 0x Labs1inchDeFi Alliance, and Quantstamp, as well as other notable investors such as MetaCartel DAO, Robert Leshner and Tarun Chitra from Robot VenturesFJLabs, and Naval Ravikant. An additional $17M was pledged by liquidity providers for the pool of Clipper, the first decentralized exchange by Shipyard, which launched its Beta today as well. Polychain, NascentThree Arrows CapitalElectric CapitalLD CapitalIOSG, and other angels participated in the LP, with another several million reserved for members of the community to join the pool. Clipper recently completed a full integration with DEX aggregators 1inch and 0x.

Shipyard Software is building bespoke blockchain-based trading products for specific types of traders and instruments. Shipyard developed cutting-edge automated market making technology based on research published by its CTO, Abe Othman, who was recently cited in Uniswap’s v3 whitepaper. Its novel approach aims to deliver a crypto trading experience as it should be: low-cost and tailored to specific users. With Shipyard products, any type of trader will be able to enjoy a seamless, tailored trading experience.

“We are delighted to support the exceptional team behind Shipyard as they bring to market decentralized exchanges that offer best execution for specific types of traders. We believe that Shipyard is beginning with a genuinely innovative approach by targeting small-to-medium sized traders, not whales,” says Olaf Carlson-Wee from Polychain Capital. “Shipyard’s tech will fill a desperately needed void of DEXs that cater to retail traders.”

The majority of individual crypto traders typically place trades averaging ≤$10K, and are mainly concerned about high trading fees. Unfortunately for them, the majority of DEXs operating today pursue a structure that conflicts with these traders’ goals. In other words, they optimize for large trades, which ultimately leads to a feeding frenzy for whale traders and arbitrage bots at the expense of smaller retail investors. Shipyard’s first DEX, Clipper, launched on June 30th and is already making waves in the DeFi space with its novel automated market maker (AMM) that offers guaranteed best prices for retail-sized trades.

“Shipyard will reshape the role of DEXs as the DeFi landscape matures into a sector with many different communities of traders each demanding solutions designed just for them. We are thrilled to have the support of visionary investors who recognize the need for DEXs that cater to the disparate communities that make up the retail side of DeFi,” said Mark Lurie, CEO & Co-Founder of Shipyard Software.

Shipyard Software will continue to leverage its funding to further develop the DEX and grow Clipper’s liquidity pool. Shipyard is building a more equitable DeFi landscape and empowering anyone to trade in free and fair markets with tools customized to their needs.

About Shipyard Software
Shipyard Software builds elegant decentralized exchanges for specific types of trades, traders, and instruments, starting with Clipper — a DEX with the best available prices on retail trades. We empower individuals to trade in free and fair markets built just for them. We believe every person is their own captain and deserves a trusty trading vessel as they explore the vast and exciting world of DeFi. For more information, please visit shipyardsoftware.org.

Media Contact
Kara Miley kara@serotonin.co

 

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Crypto Scams

The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,500 0.15 % 1.46 % 12.87 %
Ethereum1,242.2 0.11 % 1.78 % 24.82 %
Tether1.001 0.04 % 0.13 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB239.92 0.30 % 0.23 % 21.55 %
XRP0.3675 0.25 % 0.47 % 18.81 %
Binance USD1.002 0.24 % 0.04 % 0.09 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana42.24 0.22 % 1.44 % 32.75 %
Polkadot8.140 0.29 % 0.03 % 15.19 %

bitcoin
Bitcoin (BTC) $ 21,483.00
ethereum
Ethereum (ETH) $ 1,244.34
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 239.74
xrp
XRP (XRP) $ 0.367963
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.498888
solana
Solana (SOL) $ 42.40
polkadot
Polkadot (DOT) $ 8.14