Since our launch in 2021, Shipyard Software has forged ahead to become a leader in applied research and technological innovation in decentralized finance. Our team launched Clipper, a decentralized exchange (DEX) with no impermanent loss, and built market-making solutions for other exchanges across eight blockchains. As we embark on our next chapter as part of the forward-thinking team at Sushi Labs, we’re excited to reflect on some of the milestones we’ve achieved over the past four years.
Key Milestones
- Clipper Launches: Clipper is a DEX at the cutting edge of DeFi. Clipper’s first goal was to offer the lowest prices on trades for crypto’s most exchanged assets - blue chip tokens like BTC, Eth, and USDC. Since its launch, Clipper has helped more than 200,000 unique traders to complete 2.8 million transactions - facilitating more than $3.2B in trading volume across eight blockchains! Check out more of Clipper’s impact on Dune.
- Win-Wins for Retail: Clipper's success demonstrated that a small pool of liquidity, combined with bespoke market-making technology, could offer the best-priced trades. And Clipper’s impact wasn’t confined to its own platform. As Clipper launched on more chains, it saved retail traders millions and thereby boosted DeFi volumes.
- Adventure Series: Shipyard worked hand-in-hand with the early Clipper community to launch action-packed Adventures into the seven DeFi seas. Over the course of four narrative-rich, community-led competitions, Adventures gamified financial learning, strengthened bonds across national borders, and demonstrated the spirit of exploration inherent to crypto. These adventures pioneered much of the questing techniques that pervade crypto today.
- AdmiralDAO: Shipyard’s commitment to decentralization and community runs deep. To strengthen our community’s role in shaping the future of Clipper, Shipyard incorporated the first DAO in the Republic of the Marshall Islands through MIDAO.org.
- Longship Launch: Shipyard’s second DEX in development, Longship, will underpin key pieces of Sushi Lab’s work in crypto derivatives under a new name, Kubo. Thanks to the tireless efforts of Shipyard Software’s core team, which forged ahead even as market conditions tightened, Longship is tested and ready.
- WTF Crypto?: To say the past four years in crypto have been eventful is a stellar understatement. In the midst of shifting narratives (and occasional market turmoil!) Shipyard was a steadying presence in the DeFi space. Our insights on gas optimization, real yield, solving impermanent loss, and regulatory challenges have helped shape the industry's evolution. We also launched the "Making Sense of Crypto" podcast to demystify the space and make it more accessible to a broader audience.
Celebrating Our Team
Behind these accomplishments is a team of brilliant and dedicated individuals who have poured their hearts and minds into Shipyard. From our engineers and designers to our community managers, and key partners, every member of the Shipyard Software team has played a vital role in our success.
Looking Ahead with Sushi Labs
We're incredibly excited to collaborate with Sushi Labs and contribute to its ambitious and forward-thinking roadmap. By integrating Clipper's technology and expertise into Sushi's ecosystem, we can create even more innovative and impactful products for the DeFi community.
Thank You
As we move forward, we want to express our deepest gratitude to our community, investors, and partners for their support. Your belief in our vision has been instrumental in our journey.
We're excited to see what the future holds as we continue to build and innovate with Sushi Labs!!
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