DEX Clipper Received $4 Million for Development

Polychain Capital and several other investors have pledged $4 million to Shipyard Software to build the Clipper decentralized exchange.

According to The Block, funding was also provided by 0x Labs, 1inch, DeFi Alliance, Quantstamp, and others.

The money will be used to improve the code of the decentralized exchange launched on June 30 and increase its liquidity pools.

Clipper is intended primarily for traders with a small amount of capital.

Clipper will also receive $17 million from Polychain Capital, Nascent, Three Arrows Capital in liquidity.

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