Formerly known as Smoovie Phone, Clutch is a powerhouse utility protocol that combines prediction markets with decentralized primitives. The protocol began as a niche experiment on Sanko chain and has grown into a community-driven protocol with real-world application.

Clutch’s decision to expand to Arbitrum One represents an exciting new chapter that originated from a strong foundation. According to Simple Farmer the founder of Clutch, the project’s development has been driven primarily by community contributors rather than traditional funding sources, making it what Simple Farmer calls “a real community led, grassroots built project.” Unlike many projects that either fizzle out or become stagnant, Clutch has built on its momentum, integrating key functionalities that make it a standout platform in the web3 betting space. Clutch’s move to Arbitrum One will allow its users to leverage Arbitrum One’s deep liquidity and expand its reach. 

What is Clutch: The Intersection of DeFi and Prediction Markets

Clutch isn’t just another betting protocol, it’s pioneering a completely new approach to decentralized parlay betting. 

First-Ever Polymarket Parlays

Clutch's standout feature is its Polymarket integration, becoming the first protocol to enable parlay combinations with Polymarket odds. While users could previously only interact with individual markets on Polymarket, Clutch allows users to combine multiple outcomes for compounded odds, all seeded in real-time directly from Polymarket's data.

In Simple Farmer’s own words, "We're the first protocol to offer Polymarket parlays. We're using Polymarket as a data source to build a decentralized prediction platform."

“Be the Bank" Staking Mechanism

A core Clutch innovation allows users to stake their CLUTCH tokens or USDC into the protocol and earn yield from platform activity. This "Be the Bank" feature creates a two-sided marketplace where stakers provide liquidity and earn returns when users on the other side lose their positions.

This mechanism has generated significant returns for early participants according to Simple Farmer, who said that the platform achieved "over one month 100% APY on deposits." 

Web2-Friendly UX with Web3 Benefits

The Clutch team is focused on creating a bridge between Web2 and Web3 users by removing traditional barriers to entry. By simplifying the user experience, Clutch aims to make decentralized finance accessible to people who may not have previous crypto experience.

Today, Clutch users can seamlessly integrate their X accounts or e-mails to their accounts. Additionally, gas transactions are waived for first time users. A streamlined onboarding process that will allow new users to get started without needing prior crypto experience is also in the works and will be available in the near future. 

Join Clutch Today!

The CLUTCH token is now officially live on Arbitrum One, and according to Simple Farmer, the tokenomics were designed with both crypto enthusiasts and Web2 users in mind, focusing on simplicity and ease of use to make the platform accessible to a broader audience.

Built by a community of passionate Web3 enthusiasts, Clutch embodies the ethos of decentralization, fairness, and financial empowerment. Whether you're a seasoned bettor or new to DeFi, Clutch offers a seamless, trustless, and rewarding experience.

The next wave of decentralized betting starts now, will you be part of it?