What is Clipper's risk level?

Yielna's risk meter reads Moderate for Clipper, from its contracts, their control and its history. It measures structural and historical risk, not future returns.

Is Clipper verified by Yielna?

Not at present: Clipper does not hold a Yielna badge, which means a requirement is not met or could not be verified.

Who controls Clipper's contracts?

Admin control: 2 of 6 signers must approve. Timelock: None — admin changes take effect immediately.

What is Clipper's TVL?

$818K, as reported by DefiLlama.

Has Clipper been exploited?

1 exploit is recorded for Clipper; its page lists each, with what was lost and repaid.

Clipper

Overview

TVL

$818K

Up 18% over 90 days

Live since

2021

TVL, last 90 days

Risk

How it's measured

Moderate

Full data

Security

AuditsAudited by Quantstamp, July 2021Audit page

Contract statusAll contracts verified, immutableClipperPool 0xe829…99d9 ClipperApproximateCaravelExchange 0x655e…4B77 SplitFeeFarm 0xD045…436e SailToken 0xd8F1…15B7 ClipperPackedVerifiedExchange 0x5130…ed40 LinearVestingVault 0xAc2B…74cB

Multisig2 of 6 signers must approveSafe 0x6538…5600

TimelockNone — admin changes take effect immediately

Track record

Through market stressCame through all 5UST/Luna collapse (May 2022) — kept 64% of its depositsFTX collapse (Nov 2022) — deposits grew 4%USDC depeg (Mar 2023) — deposits grew 10%August 2024 crash — kept 100% of its depositsOctober 2025 liquidation cascade — kept 56% of its deposits

Exploit history

1 Dec 2024 — Deposit Logic Flaw$450K lost · No reimbursement recorded