What is Clober?

Clober is an on-chain decentralized exchange (DEX) featuring a limit order book (LOBSTER algorithm Limit Order Book with Segment Tree for Efficient oRder-matching), enabling fully on-chain order matching and settlement without needing off-chain order matching engines. At its core, it uses a Segmented Segment Tree data structure to track and manage limit orders efficiently, minimizing storage writes and keeping gas costs on par with popular AMMs like Uniswap.

Clober also offers a Liquidity Vault (CLV) for passive market-making, where users deposit assets to earn from the bid-ask spread. Professional operators manage these vaults, executing algorithmic strategies under enforced constraints to safeguard liquidity provider interests.