SODAX Partners with ColdAI to Power ExClip, the Open-Source Exchange Anyone Can Run
ColdAI has open-sourced ExClip, a decentralized exchange that anyone can rebrand and run for their own community. SODAX handles the cross-network swaps underneath.
SODAX Team
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ColdAI, the team behind Clip Wallet, has released ExClip, an open-source decentralized exchange that anyone can run under their own name, with their own fee.
ExClip users pay on one network and receive on another, from a browser wallet they already use or a passkey wallet built into the exchange, with no seed phrase to type.
ExClip is built with the SODAX SDK, and each operator connects their copy with their own SODAX API key. Independent solvers fill each swap, and SODAX coordinates routing and settlement across 21 networks.
Creators, businesses and online communities usually send their members to someone else's exchange to trade. The members, and the trading fees, stay with that exchange. ColdAI thinks the community should keep both.
ExClip is how. It is a decentralized exchange, released under the Apache 2.0 license, that a team can clone, rebrand in one config file and run on its own domain. In ColdAI's launch film, the first trade pays HBAR on Hedera and receives USDC on Base, with one signature.
Who is ColdAI?
ColdAI is a frontier-technology company led by founder and CEO Dr. Shayan Salehi. It builds AI systems and distributed-ledger infrastructure, and much of that ledger work centers on Hedera: ColdAI has contributed verifier code for 87 networks to CLPR, the Cross-Ledger Protocol at LF Decentralized Trust, pronounced "clipper."
Clip Wallet is named after it. Clip Wallet is ColdAI's open-source wallet, which ColdAI says supports more than 85 blockchain networks and uses passkeys in place of private keys. ColdAI lists it as a pre-release on test networks, with iOS, Android, Chrome, Mac and Windows apps built from the same code, and is bringing ExClip's swaps into the wallet as well.
The problem: your community trades somewhere else
For a creator, a business or a wallet team, offering trading has meant one of two things. Send users to a third-party exchange, or build one: source liquidity for every pair, write the contracts and connect each network one by one.
The first gives the users away. The second takes a team most communities don't have.
How it works
ExClip is a front end. It holds no funds and runs no order book of its own. When a user asks for a swap, ExClip's server passes the request to SODAX with the operator's API key, which never reaches the browser. The user signs once on the network they pay from. Independent solvers fill the swap, and SODAX coordinates routing and settlement so the asset arrives on the network the user picked.
Users can connect a browser wallet they already have, or create a self-custodial passkey wallet inside ExClip and open it with a fingerprint, face or device PIN. The passkey wallet comes from Clip Wallet's code, and ExClip never holds the funds.
Operators set their own fee, or none at all. ExClip charges nothing unless the operator chooses a fee, and it shows that fee on its own line before anyone signs. Operators can also switch on the tokenized stocks available through SODAX on Hedera, issued by Robinhood. Stocks ship switched off, and each operator decides where they can be offered.
"We see a future in which people take ownership of their network. Currently, influencers and businesses rely on third party exchanges for their communities. With SODAX, we enable them to set their own fees and most importantly, keep their user base." — Shayan Salehi, CEO & CTO, ColdAI
What this opens up
For a community, ExClip turns "where do we send people to trade?" into "what do we call our exchange?" The name, the fee and the users stay with the operator, while swaps reach across the networks SODAX connects.
For developers, ExClip is a worked example of building on SODAX: the SODAX SDK in the app, a SODAX API key on the server, and cross-network execution without bringing liquidity or writing contracts.
ExClip is a preview and has not been independently audited. Every swap is real and settles on live networks, so ColdAI recommends trying each flow with small amounts first.
Builders can explore ExClip and Clip Wallet on ColdAI's site, get the code on GitHub, or read how the team built it in the ColdAI case study. To build with SODAX yourself, generate your API key today.