Clip Updates — April 2023

A quick peek behind the curtains and what’s been happening at Clip in the last few months.

Excitement is in the air as we welcomed back one of our co-founders, Alex, who’s been away for almost a year due to personal reasons. But he’s returned with a vengeance, armed with invaluable experience as a CTO at a protocol with over $60m TVL! With Alex leading the charge, we’re confident that we’ll ride with the momentum to a successful product launch.

We’ve also bolstered our team with the addition of Vitaly and Flower, two brilliant smart contract developers who will help us achieve our vision of revolutionizing the DeFi yield farming experience.

Flower was with us at the beginning as well and wrote a significant chunk of Clip’s code. He returned as Gandalf The White, with much more magic on his fingertips. With these new chads on board, we’re firing on all cylinders, making remarkable progress on the back end. Currently, we have 5 full-time developers dedicated to taking Clip to the market.

But wait, there’s more! We’re thrilled to share some details about our go-to-market strategy — the launch of our utility NFT collection! It’s becoming increasingly common for DeFi protocols to release their own NFTs that offer unique perks on the platform. The NFT holders are often the most vocal and passionate supporters of the protocol. We had initially planned to launch our NFTs at the end of March, but we decided to redesign them at the last minute after receiving feedback that wasn’t all that great. The minting contract is ready, and our landing page is eagerly awaiting the new NFT designs so we can make it public.

We’re giving you two ways to obtain these exclusive NFTs — either by minting or farming. Minting is a common way to launch NFTs, but we’re also testing out the novel NFT farming. If you choose farming, you won’t need to spend any of your ETH to mint the NFT, but you’ll lock your stablecoins on Clip’s special NFT pools for a short period. Instead of earning yield, you’ll receive the NFT and can withdraw your principal after the period is over (or pay a small tax and withdraw earlier).

Once the NFTs are launched, we’ll release our token and liquidity pools. Just a quick reminder — our tokenomics are unlike any other, with a focus on hitting TVL milestones. We’re changing the tokenomics game to align our community and team’s interests, which is something that many people seem to miss. Shortly after the token launch, we’ll launch the protocol itself.

We’re in the final stretch, folks! It’s going to be a busy month for us as we push to get to market and start receiving feedback from our supporters. We’re constantly striving to improve and achieve product-market fit as soon as possible. It’s tough to watch our competitors execute on ideas that we’ve wanted to implement for a while, but we’re almost there!

All we need now is a little bit of time and a whole lot of support from you, our amazing community.

So buckle up, hold tight, and get ready to join us on this incredible journey of innovation.

Join our discord here: https://discord.gg/SvB38aP8rw