Participated · Equity · Jul 2021

Shipyard Software develops bespoke blockchain-based trading products, beginning with Clipper, a retail-focused decentralized exchange that uses a novel automated market maker to deliver low-cost, best-price execution for small-to-medium trades. The company says Clipper offers guaranteed best prices on retail-sized trades and has completed integrations with DEX aggregators 1inch and 0x. Shipyard launched Clipper (Beta) around June 30 and highlights CTO Abe Othman’s AMM research, which was cited in Uniswap’s v3 whitepaper. CEO and co-founder Mark Lurie leads the company from San Francisco. Shipyard will use the funding to further develop the DEX and grow Clipper’s liquidity pool. The product roadmap emphasizes tailoring DEXs to specific trader communities and instruments.