Loopring Community Call #3

Loopring Community Calls are where the community gathers and we answer questions directly from you. We are now hosting these calls quarterly, in a new format — LIVE on stage in Discord. Below is a recap of our call from Thursday, April.25th, 2024.

As always, it was a great turn out from the community — with lots great questions and overall discussion about the Loopring ecosystem. We always appreciate everyone from the community who comes out to spend their time with us and participate in the future of Loopring!

Below is a full written recap of all of the questions and answers from the entire session👇

If you’d like to hear the full call recording instead (timestamped for your listening pleasure), you can check it out on YouTube here:

Now onto the written recap👇

(please note that the questions / answers here are not verbatim from the call — they have been summarized or re-done completely for better reading — some even include some updated answers from the team since the call took place)

Loopring Community Call #3: Questions + Answers

Q#1:

Are you (Loopring) working with any new or big partners, even if you don’t say who, and also is there a general update on marketing — what is the timing here and what kind of marketing are you looking at doing?

A#1:

Byron: First, just so we’re all on the same page here — I am going to assume that when people generally ask about “when marketing”, they are asking about more paid marketing. Like when are we going to start doing more paid efforts to help grow awareness about Loopring.

The reason I want to clarify this is because we do already have marketing efforts in place, although they are small, organic growth efforts around social media content, our referral program to help promote some network effects, as well as our Loophead competitions and other podcast and twitter space appearances we’ve done in the past. These are all marketing efforts. But I think what people are asking is when are we going to do more large paid efforts like they see out of some other projects in the space.

So, with that said, for expectations — it’s important to understand a major difference about Loopring as compared to some of these other projects. Loopring issued its token to the public back in 2017 and over the past 7 years now, all of the token now is fully circulating and mainly in the hands of the public. There is no inflation, no new tokens can be created through inflation and the Loopring foundation has a very small percentage of this token for itself to use to keep building and help fuel growth. Compare this to other projects — the ones doing large paid marketing campaigns, most of them have raised large amounts of VC capital and/or are issuing or have issued new tokens, and have kept a large portion of that new token, which they throw onto the market in large quantities through inflation to help fuel their growth and acquire partners or use for marketing campaigns.

There are pros and cons to both scenarios, but the main takeaway for Loopring is that we don’t have a large treasury to use for marketing in this current token model. So just to set proper expectations — as far as big paid marketing sponsorships or campaigns where some projects are spending millions in inflated token giveaways to acquire partners or do these campaigns, you’re not going to see those kinds of things from us.

Our main focus is doubling down on our product, making it the best product out there and letting it speak for itself and then utilizing as many organic or other low cost avenues as possible to get the word out there to help start the network effects, which with a good product, should take over eventually and fuel it’s growth.

That said, we are holding back quite a bit right now on the marketing front, as I’ve talked about before. We want to wait until Loopring products (like the Smart Wallet, and new Earn DApp, and unique products like the new Loopring Portal) are widely available and easily accessible to all users on whatever network they are already on — which will be done through our Multi-Network effort that is upcoming — and then we really push more on the marketing front.

For example, imagine us going onto the Bankless podcast right now to try to get the word out. Users like that they hear and and many want to download the Loopring Wallet and when they do they then realize they need to have funds on Ethereum L1 and have to bridge them to Loopring L2, but their funds are already on Base and they don’t want to pay all that money to bridge them over just to try out the Portal. There’s going to be a lot of friction there and that friction will cause the conversion rate of that podcast to be very very low.

Now imagine a scenario where that same user downloads the Loopring Wallet app because of our appearance on a big podcast and they see that they can activate a wallet on Base immediately for basically free, or completely free, and start using Base, where their funds already are (they just have to transfer them over to this new wallet address quickly for a fraction of a penny) and now they have a 10x better user experience on Base through the Loopring Wallet and also have baked in quick access to the Portal and other unique Loopring products direct at their fingertips.

In this scenario, the conversion rate of that podcast appearance is going to be much much higher as there is way less friction for the end user and a big benefit for them to do so (with a better user experience, increased security options for their assets, Smart Trade Agents to automate trading across Base L2, etc) — so now we have a real chance of converting users who bring long-term value to the Loopring ecosystem and starting these network effects that can eventually take hold and fuel our growth as more people tell their friends about it or share their experience on socials.

So long story short here — once our Multi-Network effort is really out there and our products are widely available to all potential new users, wherever they already are — then we will start really trying to push and get the word out there through partners, podcasts, spaces, potentially influencers or trading competitions or more efforts like this.

Part 2 (about partners):

Byron: This ties into the second question, around potential partners we are working with. Obviously we’re not just going to announce these ahead of time — but this will be one of our main focuses moving forward from a marketing perspective. As we go Multi-Network it allows us to start working with more and more partners and leverage their audiences to help grow the awareness of Loopring. This will happen through co-marketing with all of our new partners (like new networks we will be building on, and other major DApps on those networks that we will also help promote within the Loopring Wallet on those networks) — they will help us promote the Wallet because it offers an improved user experience for their users — as we will bake in a native experience for a lot of these major DApps. We can also do things like Twitter Spaces with them, and podcast appearances and other incentive campaigns like the Galxe campaign we’re going to do very shortly with Taiko here. This will all greatly help to grow awareness of Loopring products on these new networks.

And then just to finish off this question around marketing — one other thing we want to potentially do in the future, is redesign the tokenomics to include profit sharing or other mechanisms that include our new products like the Portal, Earn DApp, etc — which will help bring on better network effects, which is in itself amazing marketing.

When the tokenomics really work and give users a sense of ownership over the network and a stake in the growth of the entire ecosystem, then the users themselves become the marketers as they are encouraged and incentivized to bring on their friends and family — which activates massive network effects and becomes an amazing marketing mechanism.

So, yeah, lots to look forward to in the months ahead on this front!

Q#2:

What are Loopring’s plans to increase security, specifically in regards to the L2 Beat standards with Stages. Currently Loopring is Stage 0 and many rollups are advancing to Stage 1.

A#2:

Magic: When we check the Loopring status on L2beat today, we found the following issues:

For Stage 0 — No source-available node exists that can recreate the state from L1 data

I think this is a wrong statement, we have Loopring explorer available to recreate the state from L1 data and the source code is in github. We will further sync with L2beat team to address this statement and fix it.

For Stage 1 — Upgrades executed by actors with more centralized control than a Security Council provide less than 7d for users to exit if the permissioned operator is down or censoring.

For this one, we will consider a more decentralized way to have community involved for the contract upgrades decision.

For Stage 2 — Upgrades unrelated to on-chain provable bugs provide less than 30d to exit.

For this one, we will consider extending the wait duration before an upgrade takes effect.

Byron: Just to add to Magic’s thoughts there — the punchline is that our goal is to make it to Stage 2 in the relatively near future.

It’s true that most of the current L2s on Ethereum, including Loopring, still require a large amount of trust from the users. Vitalik recently put out a new blog post about the future of Ethereum scaling and talked a lot about pushing L2s over the next year or so to get to the next Stage — this is going to be a big emphasis for us as well this year and next year. We are going to be making a strong push to adhere to and pass the L2beat standards of Stage 1 and eventually Stage 2.

As we talked about on the last call, we are in touch with a lot of other teams in the space and the general consensus is that we are pushing these standards forward together. As one team advances, there is a lot of best practice sharing that we can all learn from, which will help all others to advance as well. I think you’ll see not just us advance in Stages this year, but many of the other top teams in the space advance as well.

Q#3:

With Taiko working on another NFT collection “Taikoons” and another 3rd party collection by the legendary OA “Taikonauts” I couldn’t help but wonder if there will be another collection (on another chain maybe?) That fits under the Moody Brain umbrella

A#3:

Byron: Yeah — this is originally why we designed the Loopheads to fit under the Moody Brain collection umbrella — so that we could build out more collections in the future — like Taikoheads as an example or others for other chains. It also does align very well with our Multi-Network strategy so I would say that it is something we could do in the future.

But just to put proper expectations out there — we still are only about halfway through the distribution of Loopheads NFTs (if my calculations are correct) and we have some really cool co-designed packs coming up for some of the next Loopheads. So this isn’t high on our priority list as we want to bring utility and value to the current Loopheads first as the OGs of the collection, then we can potentially expand to more designs for more chains.

And someone did ask a question also about if these specially designed packs of Loopheads would add to the supply. No — we won’t have more then 10,000 Loopheads minted at the end — this is the total supply of Loopheads. After that we’ll evaluate and see if we want to add some other designs for maybe other chains into the mix.

Blank: To add a bit — obviously we’re talking Multi-network, so we’re going to more chains. Some of those chains, Base as an example, they’ve got a hot NFT market right now, so there is nothing stopping us from doing another collection, under the Moody Brains umbrella, on the Base network, or Taiko, or wherever.

So, I think we’re very open right now to all of this, and we’re discussing a lot of these things internally, but like B said, nothing is set in stone at the moment.

Q#4:

Will we add LRC as a collateral option in the Loopring Portal — maybe expand more on whats coming for Loopring Portal.

Part 2 — Do we have any analytics we can share publicly about how much the new Portal is being used?

A#4:

Magic: Putting LRC as collateral will increase the risk of possible liquidation — but we will consider all collateral factors later on. LRC can be treated as collateral, while to protect the user, we may give less credit to the user if using this asset. In other words, the max leverage ratio can be reduced vs. stablecoins. Similar to how a lending protocol works.

Byron: Just to expand on this. While we are looking to add LRC and other collaterals in the Portal — it’s first important to remember that with the Portal, whatever collateral you post into the Portal, your trades that you make are now also measured against this collateral — as well as against anything extra you borrow in the Portal. I am making tutorials around this right now so it’s very clear — but to just give a quick example.

If I am posting ETH as collateral into the Portal, and I then use that collateral to borrow more ETH and acquire some BTC, I am now making a bet that BTC is going to outperform ETH. So you’re profit tab in the Dashboard will only go up in profit if BTC performs better than ETH is performing. Even though you could be overall up in terms of USD, your profit could still be negative if BTC and ETH are both going up at the same time but ETH is outperforming BTC.

This is a safer trade though from a margin perspective as ETH/BTC ratio is not super volatile, your margin level should stay more stable, as opposed to a meme coin that maybe is super volatile in price relative to ETH or USD, depending on which collateral you post and/or what token you borrow against your collateral.

If you want a simple leveraged trading experience measured against USD, it’s best to post USDT as collateral, borrow more USDT to increase your leverage, and then make all trades against those tether tokens.

So yeah in conclusion, we are looking at adding more collateral options, but we wanted to start with some lesser risky options first and build out some tutorials and guides and then add more options later.

Part 2 — analytical data on Portal

Byron: In regards to the second part of the question, yeah, I don’t believe we have any publicly available data or dashboards available for the Portal just yet, but we will definitely look at creating some of these and releasing them publicly as soon as we can. Right now, the priority though is getting the product fleshed out, adding as many cool features and options as possible, creating tutorials around it and letting it loose as a big flagship, multi-network product, as soon as possible. After that, more dashboards and data will come along with it.

Q#5:

How will the Loopring browser extension work? Will Multi-Network be applicable also to the browser extension?

A#5:

Magic: Loopring wallet extension will work a lot like other well-known wallet extension like Metamask, Rainbow, and others. User can imagine it as a subset of today’s Loopring wallet app. Here, I call it a subset because we won’t integrate all of the L2 related features into the wallet extension, as we can simply allow users to open a new tab directly to the Loopring Pro dapp page. There, a user can access all the Loopring L2 DeFi related features.

While for the other part, it will be very much like the standard Loopring smart wallet can provide today.

Byron: Just to reiterate and expand a bit — yes the Loopring browser extension wallet will be fully functional for Multi-Network. You’ll be able to hit a toggle and switch between networks. Essentially it will work just like the mobile version and should be a similar user experience but just available direct from your web browser for easy compatibility with web DApps.

So that will be very exciting and a big user experience improvement for those that prefer web based applications or perhaps those that maybe want a second hot wallet for the web and to keep their mobile wallet other usages.

Q#6:

Today, metrics are abundant and attractive however the wallet currently has almost no metrics. Good metrics would drive users to use the wallet and make it more of a hub for daily use and activity. It seems imperative to have at least some basic metrics. We can’t even tell if our account value has gone up or down at this time. EXAMPLES: Some rates of change, YoY, avg purchase price of tokens, ratio of token holdings, %gain, etc. would be a great place to start. Can we add a metrics/analytics page to the Loopring wallet?

Part 2 — Can we add the ability to set a base currency for the wallet and then see all relative amounts of crypto in that base currency?

A#6:

Magic: I think some good examples here are how Debank or Rabby wallet extensions work. They provide asset change metrics per time axis. Adding such metrics can enhance the user experience a lot, while it’s also a relatively non trivial effort on our end to implement it properly.

First though, we will need to integrate the major DeFi protocols on the supported networks. Because when users subscribe to certain DeFi protocols, for sure they will expect that their assets can be counted properly. Using a simple AMM LP subscription example, we will need to be able to calculate the value of the LP in the time axis, while also we will need to know the rewards collected.

Even for user’s holding token assets, we will still need to track the balance change event for users accounts and track the price changes in the time-axis.

Once all of this is available, reasonable asset-based metrics can be drawn up properly for users.

For sure, over the long-term, we can add more features gradually. It’s currently just more of a priority and resource problem on our end. Over time though, these things will be more highly prioritized once the core features and products are out there and more highly used.

Blank: I agree with all of that — just to add — when we’re talking about these things, some of these things, I call them more in-depth metrics, but I think we could also do a lot more on just basic metrics.

So, if you’re looking at your asset page, just seeing like the 24 hour change per token — like understanding how those tokens have done over the past day. If you look at Rainbow or Family, or almost any other wallet, there is a lot of information right on the asset page, so you have a quick overview of what’s going on. Those could be quick and easy wins for us, because it’s not anything in-depth, like we’re not trying to calculate purchase data or anything like that, it’s literally just 24 hour percentage change. So that could be an easy one.

Then also, I saw in John’s question (part 2), you’ve got a base currency for the wallet, which we already have set (as a user) because you can pick your currency in the Loopring wallet in the settings. So then, being able to look at all of your transactions, whether it’s trading fees, or whether it’s transfer fees, or whatever. Not only in the token amount that your using, but also being able to see the fiat equivalent of that, I think that’s a good way to get a lot more users comfortable, especially if they’re coming from non-crypto worlds. As an example, a Web 2 user being able to quickly see that their transaction is only going to cost them 5 cents to send, instead of having to do the conversion of the token price in their head (like 0.00001 ETH), is a big user experience improvement.

I think there is different levels and stages (to these analytics improvements), that we roll out over time to accomodate all of the different types of users out there.

Q#7:

I’m wondering if you have plans to implement price alerts like you have on Binance, Crypto.com etc. within the Loopring Wallet app. In my opinion it would also help to increase usage time of the wallet app.

A#7:

Magic: Yes, we have plans to include more notifications to serve various usages — like the price alert in user’s settings for things like the dual investment settlement notification; the margin call alert in the Portal, etc.

Recently, we’ve just been extremely busy with things like:

• Multi-network re-arch
• Taiko support, including trade agent features
• React native reach

This price alert feature has already been in our radar for quite a while and we will get it implemented once we have bandwidth.

Byron: Also, just to add on and reiterate for the community — these are all great suggestions — and we receive tons of great suggestions and comments from the community on the Loopring Wallet and other products all the time and we appreciate this a lot. We take all this feedback very seriously and often look at implementing a lot of it if it’s high in demand.

So keep these kinds of things coming all the time because it’s very helpful to hear these feedback on the product so that we can keep improving.

Q#8:

Are there any short or long term plans to add support for EOA wallets / EOA addresses in the Loopring app?

A#8:

Magic: We have been discussing the possibility of adding EOA support for quite a while now and indeed we have seriously discussed whether we need to add EOA support, and if the answer is YES, when should we add the support.

The short answer is YES, we do have plans to add the EOA support in the near future. And once we have created a good user experiences for the Smart Wallet, we can then extend this user experience to EOA wallets. Then EOA wallets and Smart Wallets can co-exist. For users who want to take advantage of the “smartness” features within a Smart Wallet, they can create a Smart Wallet that binds with this EOA wallet. In other words, the EOA wallet and Smart Wallet should be bundled together. The EOA wallet actually becomes the owner of the Smart Wallet and the Smart Wallet supplies the additional intelligence to help the user to trade & invest in a smart and more automated way.

Byron: Just to add. I think this is going to be a big addition for the Loopring Wallet. When we onboard the world to crypto — not everyone is going to be an active trader or investor. Some people just want to buy and hold — a good, secure Smart Wallet (with many guardians) with lots of security options built in will be a great option for this user.

But on the other side — there are also a lot of active users in crypto — who need a more hot-wallet that they can easily deploy across many networks (while keeping the same address) — bridge funds back and forth — trade all over the place and interact with many DApps. An EOA wallet might be a better fit for this user — at least for their active funds. Then they can take this EOA wallet address and add on a Smart contract to access more smart features like the trade agents like Magic mentioned to make their experience even better — but still control the keys of the EOA to do this. Or they can set up a separate address that is purely a Smart Wallet with tight security for their less active, long term funds and transfer between the accounts if need be.

This kind of optionality will really make the Loopring Wallet unique and hopefully the #1 go-to wallet for all users one day when it’s so easily accessible across every network to every type of user out there.

Q#9:

For EOA wallets interacting with multiple networks, a user’s address does not change. This is a generally expected behavior by almost all crypto users — Does the Loopring team have a working plan to regenerate the same wallet addresses for Loopring smart contract wallets on Taiko and other Multi-Network chains? If not, what plans are in place to reduce user frustration?

A#9:

Blank: The short answer is yes and no.

We are working on the ability to extend wallet addresses — but the OG wallets do not (will not) have that functionality. Once we enable Taiko and we release our new wallet that is based on account abstraction, with the mainnet Ethereum version also eventually going to have account abstraction as well — we had our audit already, which came back great. There were some small things that needed tweaking, but we already made those adjustments.

Long story short, we should be able to deploy our new account abstraction wallet on Ethereum directly soon also — and these new wallets that users will be able to spin up, will be able to extend their wallet addresses to all of the different chains that you are going to be able to access within the Loopring wallet app.

So again, it will be just the older smart contract version wallets that will not be able to have that benefit.

Byron: Just to kind of summarize and clarify here — our new Account Abstraction wallet, which will be deployed on Taiko mainnet soon, as well as directly on Ethereum L1, and then on other networks as part of our Multi-Network effort, will have this capability (to use the same wallet address across many different networks).

The only small issue is that old style wallets that were deployed previously will not be able to take advantage of this. So the worst case here is everyone with an old wallet needs to deploy a new wallet and then transfer their funds over to the new address to take advantage of this.

But all new wallets deployed moving forward will be able to use this functionality.

Q#10:

With the new EIP 3074 update coming in the next hardfork of Ethereum, would this new update hurt Loopring as it will turn all EOA wallets to smart contract wallet or will Loopring benefit from this EIP?

A#10:

Byron: Just to clarify again, we do have plans to roll out EOA support within our new Loopring Smart Wallet, so all of the new features being developed around EIP 4844 as well as the extended smart contract features like our new Trade Agent feature — we will try to create a similar user experience with the new EOA wallet by using EIP 3074 as well.

In other words, both of these EIPs actually benefit Loopring and Loopring Smart Wallet users in different ways by helping improve the user experience in all areas. So, overall, these EIPs benefit us, they do not hurt us in any way.

Q#11:

Will trading bots (stop losses, OCO orders, grid trading) or notifications (to help with better trading) be coming to the Portal?

A#11:

Byron: Just to be clear, the smart trade agents that we are building out right now — they are based on smart contracts — so they will be deployed on a bunch of different networks like on Base, on Taiko, on Arbitrum, on all of these other networks. The main benefit of these new smart contract based Trade Agents, is that they will be able to help users trade a bunch of different strategies, in an automated, set and forget kind of way across these L2 networks, using all of the popular DApps available across these networks.

The reason this same system will not work on the Loopring Portal, is because the Loopring Portal is based on Loopring L2 currently, where we can’t deploy smart contracts as it’s not a generalized L2. We can however extend similar functionality, but it is a little bit more work as we need to code it into the relayer on Loopring L2 and it will be a slightly different user experience.

So long story short, we can do it in the Portal or Block Trade (Loopring based products), it’s just a lot more technical and harder to do then deploying these new trade agents. But we are working on rolling out some similar functionality soon, like being able to set Limit Orders on Block Trade for example. We will look into adding more functionality in Block Trade and Portal as we have more capacity to do so as well.

Q#12:

How do other Ethereum rollups / other L2s benefit Loopring?

A#12:

Byron: From our perspective, because of our multi-network approach where we will be deploying our ZK-Rollup as a L3 on top of many other L2 rollups, we are pretty neutral to whatever rollups we are deploying on top of.

We can deploy Loopring as a Layer 3 on top of a based rollup, an optimistic rollup, a ZK rollup, it doesn’t matter from our perspective. Whichever of these networks becomes successful, we can be there with our unique new products (Loopring Portal, Block Trade, etc.) and with our Smart Wallet and help to enjoy in that success and bring on their users to our products and wallet app by giving them the best user experience possible on those networks as well as access to our unique new DApps throught the wallet.

Q#13:

Part 1: What is the elevator pitch for the LRC token and Loopring in general?

Part 2: What is the long-term, big picture vision for the overall Loopring ecosystem?

A#13:

Byron: As far as tokenomics go (for the LRC token), I don’t think they are in their final form yet, I think they can still be drastically improved upon — and we’re having those discussions all the time on how we think we can improve the tokenomics and incentives for the ecosystem to help drive it towards it’s long term goal of being a self-run, self-sustaining ecosystem.

Over the long term, we see the LRC token as a critical piece and a high utility token that represents a piece of the entire ecosystem. To own LRC, represents owning a piece of the Loopring ecosystem and the utility and benefits or rewards that come with the growth of that ecosystem.

To be very clear though, the token is not in our control (the Loopring team/foundation) — it is almost entirely circulating already in the hands of many people and/or institutions around the world. The Loopring Foundation is just a piece of this larger ecosystem. Because of this, there are some favorable tokenomics that come with this. For example there is not ability for us or anyone else to create more LRC tokens. There is no ability for us or anyone to introduce ongoing inflation into the token model, in fact there is zero inflation, which makes it stand out from most other Ethereum tokens, especially network tokens.

Part 2 — big picture, long-term
Byron: When you zoom in and just focus on the near term, it can appear to be a little bit scattered, but when you zoom out it’s actually all moving in a very good and flowing direction towards the ultimate goal, and always has been.

The big picture is to allow all users on the planet to become their own bank and take control over their finances and their lives as more and more things become tokenized.

The Loopring Smart Wallet should become a person’s all-in-one super app that gives them complete access to this new world, built on crypto rails.

The long-term goal is that anyone should be able to download this one app, the Loopring app, and be able to access everything they need in this new crypto based world, all in this one super app — all of the complexity should be abstracted away for the end user eventually — no one should ever have to understand what a Layer 2 is or a L1 or a ZK rollup or ZK proof, just like they don’t understand the complexities of how the internet works and moves data around now. The end user should not have to care about any of those things or even be aware of that.

That’s basically it, just serving everything in this new world up to the end user, regardless of what network they are on or what tokens they prefer to be transacting or using, all in one place with the best user experience possible.

Blank: I would just add to that and say that I absolutely agree with the super simple part.

If you think about it as a high level view — you download this one app, you could transfer money to it from a CEX if you want, but even if you don’t want to do that, you can onboard or on-ramp from one of the providers we’re already working with or any of the future ones that we add — and then, no matter if you want to be on Ethereum or you want to be on Base or Arbitrum, BSC, whatever — you don’t even need to know what the popular DApps on any of those networks are, because we can just build all of the popular ones already natively into the wallet user experience. You can say that you want to stake ETH and you don’t even need to know where to go (what DApp) in order to find the best APR for staking ETH, it will just be there for you. If you’re not a sophisticated trader, we can serve you up things like copy trading, so you can just mimick the same strategies as other successful traders automatically.

It’s kind of like, I don’t want to say dumbing it down, but more-so like making a simplified version of all of that for some users but then also giving the more advanced or hardcore users the tools to build out those complex strategies if they want to. Or give the more advanced users the ability to still connect their wallet to some other DApp that’s not built in natively — so that we have that complete flexability and finctionality to serve all types of users right at your fingertips.

If you look at other wallets out there today, it holds your crypto, okay that’s great, but then I need to scan this QR code to access this DApp or I need to use their DApp browser and figure that out (how to find the DApp I need to do the action I want to do) — so basically, we’re just trying to bake all of that in, or at least all that we can that makes sense, into the Loopring Smart Wallet experience, while still giving you that extra freedom and flexibility to do that advanced stuff on other chains if you wish. That’s my spin on it.

Love your Loopring Experience?

Consider rating us in your preferred app store. It helps Loopring become more easily discovered by other potential users!

About Loopring

Loopring is an Ethereum Layer 2 zkRollup protocol for scalable, secure DeFi and NFT applications. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 orderbook and AMM DEX. To learn more, follow us on Medium or see Loopring.org.

Twitter ⭑ Discord ⭑ Reddit ⭑ GitHub ⭑ Docs ⭑ YouTube ⭑ Instagram