The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

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Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

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How to trade with the Bybit app

Bybit Learn

DeFi

Clipper is a DEX specializing in buying and selling blue-chip tokens. Its unique architecture can provide better pricing for popular crypto, such as ETH.

When it comes to purchasing crypto for investments, the exchange you choose matters. Certain exchanges can offer more favorable prices or lower fees than their competitors. One new decentralized exchange,

, hopes to offer their users big savings and reduced market manipulation. In addition to being a crypto exchange, the network behind Clipper also offers some appealing DAO and token staking services. 

Does the Clipper network actually work, and should you try it? Here's what you need to know.

Clipper is a decentralized cryptocurrency exchange (

) that specializes in buying and selling 

. Its unique architecture can provide more favorable pricing for popular cryptocurrencies, such as 

Clipper and AdmiralDAO are part of a project initially launched by Shipyard Software. The

 consists of several developers and crypto experts. Founder/CEO Mark Lurie has also worked on other blockchain startups, such as Codex, and the team's Chief Scientist/CTO, Abe Othman, previously worked with Vitalik Buterin on the 

Shipyard Software's goal is to create customized exchanges for every type of crypto trader. While there are a lot of other exchanges available, Shipyard’s founders realized there was a demand for exchanges that use special features to assist with specific crypto trades. Clipper is just one of several exchanges that Shipyard Software runs.

The Clipper DEX and its governing DAO have specifically been created to optimize blue-chip 

. Clipper gets its name from a type of 19th-century ship, called a 

, that helped to revolutionize trade by increasing shipping speed. This basic concept of enhancing profitability by prioritizing efficiency has greatly influenced Clipper's design.

Clipper's aim is to facilitate blue-chip trades while optimizing liquidity provider profit. What does this mean for the average user? First of all, Clipper tries to solve the problem of excessive 

 and unstable prices. When trading blue-chip tokens like ETH and 

, many other exchanges perform pricing computations on-chain and then pass on the costs to the traders. Clipper's unique design is meant to save users money by reducing on-chain computations.

Another major goal of Clipper is to increase decentralization. Centralized crypto companies have

 due to their lack of privacy, the amount of trust the user must place in the platform and the security risks that come with centralization. By using a decentralized autonomous organization, Clipper hopes to solve some of these issues. They put power into the hands of users and ensure that no single party can manipulate the exchange.

In addition to making things better for traders, Clipper also strives to help liquidity providers, who supply tokens in exchange for fees that are a percentage of the total purchase. Since asset prices fluctuate, liquidity providers can end up losing more money than they make in a transaction. This happens when one contributes to a liquidity pool and the token values deviate from the initial prices. This is known as 

, and it's a major issue in the industry. Clipper's unique algorithm avoids impermanent loss, so it provides more money to liquidity providers and incentivizes more people to provide liquidity for the exchange.

The main mechanism behind Clipper is its method of pricing, called Formula Market Maker (

). This special pricing formula combines real-time prices from oracles and token ratios to create highly accurate pricing quotes. It also employs

a variety of complex mathematics, including an 

FMM provides many advantages for Clipper. Since prices are so accurate, liquidity providers are less likely to encounter impermanent loss when they provide tokens. In addition, Clipper's unique formula allows it to calculate pricing data off-chain, and go on-chain only to verify this information. By moving calculations off-chain, Clipper saves users more money. Its formula further verifies any variation in pricing data between on-chain and off-chain calculations to ensure all data remains as accurate as possible.

Although Clipper’s DEX is fairly small and specialized as compared to more popular crypto exchanges, it still manages to offer several helpful features.

Clipper's DEX offers several different types of swaps. Since the site was originally designed for retail traders, it incentivizes smaller trades and only lists blue-chip tokens known for being reliable investments. With the 

 system, people can exchange various cryptos without having to pay excessive fees. Current tokens supported on Clipper Swap include ETH, 

If you're interested in earning rewards through Clipper, check out its 

 let you deposit crypto tokens to be used during swaps. There’s one Core Pool for each chain supported on Clipper. In addition, there are 

 with extra rewards for staked crypto. Entering a pool and earning rewards is as simple as connecting your wallet to your Clipper account. When you're done participating, you can withdraw your principal from the pool.

 are single-sided pools that offer especially low trade fees and flexible swapping. People can enter any asset into a Cove and then 

 in the form of the underlying asset and LP tokens. This helpful system facilitates boundless swapping and extremely cost-effective trades. Clipper Coves hasn’t officially launched yet, but users can join the Clipper community to get the latest news. 

Clipper's system relies on liquidity providers who temporarily make tokens available to the community. To compensate these providers, Clipper offers multiple 

. Each time someone uses your liquidity, you get a reward based on the size of the trade. As a liquidity provider, you can withdraw these rewards in the form of the assets in the pool for which you're providing liquidity. You also get some 

 in exchange for your liquidity, which can be used to participate in community governance.

 their system. After creating a working platform, they conducted a soft launch with $1 million in liquidity to test the system, and an official launch that opened the exchange and liquidity pools to the public. Clipper's road map has changed a little over the years. They originally focused on retail traders making small trades, but have expanded their project to include larger trades as well.

Now that Clipper has a workable platform and supports several trading pairs, their next goal is to fine-tune their DAO. Turning over control from the creators to the community takes time, so Clipper is in the process of welcoming new members, creating community guidelines and finalizing decision-making mechanisms. The platform hasn't announced many plans for what’s to come after getting the DAO up and running, but some users speculate they’ll be working to expand their exchange to support even more cryptos.

, Clipper's native token, comes with multiple use cases, the first of which is to provide rewards for liquidity providers. In addition, you can earn SAIL by staking blue-chip tokens in a liquidity pool and collecting SAIL rewards. Holding SAIL also gives you the ability to participate in the Clipper DAO because as a 

, SAIL gives you a voice in directly deciding how the AdmiralDAO will function.

 token with a total supply of 1 billion coins. This current supply is a soft cap, and more may be released as needed. Due to the way the tokens are set up, the DAO can also vote to 

 as needed. SAIL tokens are distributed in the following manner:

Just released on Aug 22, 2023, SAIL is still an extremely new token without a lot of pricing data available. When the token was first released, its price was $0.01390500, which is so far its all-time high. It then dropped to its current price of $0.00700693 (as of Aug 24, 2023).

Since SAIL is still so new, it's difficult to tell exactly what will happen to its price. The token is only listed on a few exchanges. Furthermore, the lack of a hard cap for token supply could cause some inflation issues that might drive prices down. However, Clipper has generated positive press with its move to welcome traders (besides retail traders) and its DAO launch. If the project continues to gain hype, SAIL prices could potentially rise. Since SAIL is a governance token with uses beyond price speculation, it retains some inherent value, no matter what happens.

If you want to buy SAIL without having to stake liquidity in Clipper, Bybit is currently one of the only exchanges listing the token. This reliable exchange offers the token as a SAIL/USDT Spot trading pair. Purchasing crypto through Bybit is fast and simple. Simply 

, fund it with cryptocurrency and go to the 

So far, SAIL doesn't seem like it's going to generate unusually impressive profits. Unlike many wildly popular crypto trends, SAIL doesn't have any notable investors, groundbreaking promises or newsworthy price swings. However, it's still a solidly reliable project that could be quietly successful. Shipyard Software has done well with past projects, and Clipper does offer users the potential to reduce impermanent loss. 

Those looking for an investment with slow-yet-steady growth might want to consider SAIL. It's neither high-risk nor low-risk, so this investment may be a great way to add some diversity to your portfolio.

With its ability to provide low fees to traders and improved profits to liquidity providers, Clipper is an exchange that benefits all participants. The addition of a DAO governance system and a unique algorithm to calculate token prices helps it stand out from competitors. Even those who don't plan on using the exchange may want to check out the project’s new SAIL token.

Clipper (SAIL): The DEX Designed for Blue Chip Token Swaps

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards