Protocol v1.5.1 Released
We have just released Loopring Protocol v1.5.1 and deployed its smart-contracts to Ethereum mainnet.
Here are the deployment addresses:
The major changes include:
- LRC reward are paid from
mineraddress instead of
feeRecipientaddress. This will remove a potential security issue.
- Fixed issue in getLatestAuthorizedAddresses function in TokenTransferDelegate. Previously it returns addresses that have been successfully deauthorized. Note that the previous delegates are safe concerning transferring tokens.
- Fixed a bug in TokenRegistry.
Loopr (loopring.io) has also been upgraded to use this new release.
Deprecation of Previous Releases
As a security measure, we have deauthorized all previous protocol developments listed in this document. We will keep deprecating old protocol versions as a best practice. As a result, our users will notice that all their existing orders have disappeared from Loopr’s order-book.
This outcome is indeed expected when new TokenTransferDelegate versions are deployed. We will, however, only upgrade TokenTransferDelegate very rarely. In other words, your orders will survive future protocol updates if these upgrades are designed to be backward compatible, but your orders will become obsolete if we deploy new delegate versions.
Sell ARP and VITE tokens
To incentivize people to test Loopr, Daniel placed two more order on loopring.io to sell ARP and VITE at reasonable prices.
1ETH = 8000 ARP, or 1APR = 0.000125ETH, which is still the best private sale price without a lockup period.
1.05ETH=6000 VITE, or 1VITE = 0.000175ETH, which is the standard private sale price with a 5% fee and no lockup period — we got tremendous pressure from VITE private sale agents for selling 7000VITE for 1ETH. This 7,000,000 VITE is the last tranche Daniel will offer.
When you submit orders, please make sure you have enough LRC to pay the mining fee, the mining algorithm has been configured to mine only rings that yield a profit.
Please also note that the default relay employs the OTC (Over-The-Counter) model instead of the First-Come-First-Serve model used by centralized exchanges. It is expected to see bid-price higher than ask-price on Loopr’s order-book.
Our backend and frontend are both under active development. We are aware of the many outstanding issues and look forward to hearing more feedback and suggestions from our community.
Please test Loopr only with addresses that hold a small amount of tokens. We will not take responsibility for your loss caused by the bugs in our beta software.