Everyone wants their digital assets to work without the risk of losing their funds. Clip Finance is on a mission to deliver that experience to the users. We prioritize risk-management, transparency and user experience.
Clip Finance is a revolutionary multi-strategy yield protocol. We aggregate yield from vetted protocols and enable users to grow their on-chain portfolio through automation and simple user interface.
Many of us have pursued insanely high APYs in DeFi, only to find out that if something is too good to be true, it’s likely not true. That’s why we’re focused on building yield products that are sustainable and reliable while enabling users to stay in control of their funds.
Clip’s Automated Income Vault, which is the first live product, is meant for users with idle stablecoins in their wallets. Using the product is very simple. The user chooses the stablecoin to deposit, the amount, and only has to click the “deposit” button. The funds are then routed to predetermined protocols, where they immediately start generating returns. Staying true to DeFi’s principles, users can withdraw their funds at any time.
The allocation to different strategies is done based on the risk score the strategies receive. The higher the risk, the smaller the allocation and vice versa. Clip Finance monitors, auto compounds, and rebalances users’ positions. The whole experience is built for convenience and safety.
Automated Income Vault Launch
In the last two months, Clip Finance has been in the private beta to collect feedback and to make improvements to the user interface. One of the improvements Clip Finance has made is adding a “Smart Withdrawal” functionality, which batches users' funds together in order to save on transaction fees during the withdrawal process. The same logic is also implemented for the depositing of the funds. In general, users can save hundreds of dollars in gas fees using Clip’s clever architecture.
Additionally, a more easy-to-understand strategy dashboard has been created for users to review the breakdown of their funds allocation.
The public beta will be launched on BNB Chain and will include yield strategies from Biswap, Dodo, and Stargate. Accepted digital assets for the public beta are USDT, USDC, BUSD, and HAY stablecoins. As a next step, Clip Finance will launch on a number of other chains like Arbitrum, Polygon, Ethereum, and Base.
Clip Finance is also part of Chainlink’s BUILD program, and will utilize Chainlink’s cross-chain interoperability protocol CCIP to deliver seamless omnichain yield to its users as a next step.
What to expect from Clip Finance?
In addition to the Automated Income Vault, Clip is working on a number of innovative products. These products include the upfront fixed-rate yield product called the Instant Income Vault, Fixed-Term Income Vault, a debit card, and fiat on-ramp and off-ramp. Clip’s ambition is to become the go-to yield protocol for all DeFi users as well as infrastructure layer for other builders to create unique and secure products.
Due to Clip’s tokenomics design, it’s wise to get involved and test the product in the early stages due to the biggest CLIP token emission during the first TVL milestone.
Unique KPI-based tokenomics design
Generally, in DeFi, token vesting is based on time. This means that regardless of how well the protocol is doing, it's still issuing new tokens to the market. This design has a number of flaws, from diluting existing token holders even when the protocol value isn’t growing, to simply misalignment of interests of users and the team.
Clip Finance has taken a different approach to tokenomics. Clip measures total deposits on the platform (TVL) as the core KPI to issue tokens on specific milestones. Those TVL milestones are predetermined and tokens are unlocked once the milestones are achieved.
This will put the right incentives in place for the team as well as the community. Both the team and the users are incentivized to grow the protocol to unlock the CLIP rewards. Additionally, there are a number of mechanics in place to avoid gamification and to reward long-term depositors.
Founded by experienced entrepreneurs
Clip Finance has a team of 9 people, and the founders include the co-founder of Paxful, one of the best-known p2p crypto marketplaces in the world, as well as the former CTO of a protocol that reached $80m in TVL. Clip Finance is part of the sought-after incubator Chainlink BUILD, received a $10,000 grant from Aave, and won first place in Smoothie Awards (Web3 alternative to Product Hunt).
What can you do today if you’re interested in Clip Finance? There are a few ways to be part of our journey. We have an ongoing NFT mint which will make you an early investor in Clip Finance. All NFT-holders will receive a CLIP token airdrop. Secondly, you can start earning yield on your stablecoins by depositing to our Automated Income Vault beta product.