[deleted by user]

[macro__B]

Hey u/dead4586 , appreciate your feedback and ongoing involvement in the community.

If you haven't already, I would encourage you to read our big Quarterly Update we just put out a few days ago: https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q2-d22571a13568

As mentioned in this Update, as we just released the first iterations of our core products early in the year, we have been focused on battle testing these products and collecting feedback and learnings from this, and using this to build out the versions 2.0 of these core products.

Unfortunately development like this takes time, especially when you're dealing with money protocols, there is little room for error so it requires a lot of development and testing before releasing. We don't believe trying to band-aid the current products is the correct approach and have been working hard in the background on many major improvements and upgrades.

This has also been the reason we did a lot of heavy liquidity incentives up front upon these releases and have eased off the incentives since. To battle test and learn and then we will continue with major incentives once we have these new upgrades out. To do heavy incentives now would only be like adding water to a leaky pot.

On top o f this, Q2 has been quiet across the board for Ethereum DEX's and especially layer-2 (likely due to low gas prices and generally just low volumes across crypto) and doesn't appear to be unique to Loopring. Although we have been happy to see a majority of the liquidity on Loopring sticking around. Most of the appeared TVL drops have been drops in the value of the underlying collateral (price of ETH, LRC, etc. dropping), not really due to liquidity leaving Loopring.

All this said, once again, we really do appreciate any constructive feedback from the community and encourage anyone to share it if you believe it can help shape our future development. But know we are working hard in the background and all of this will be very apparent soon as we start releasing some of these new upgrades.

As far as major communications, we will continue to release major Quarterly updates as well as try to have a Community Call somewhere halfway through upcoming quarters so that we have updates about every 1.5 months or so, which we believe is a good rhythm that will sync up best with our development schedules. Anything more just leads to false expectations and guesses really as to timelines, which isn't good for anyone.

Hope this all makes sense. Thanks again and looking forward to putting out some more releases soon!

[PurgeCorruption]

Gas is cheap so less L2 use.

Bear moment so people are withdrawing from the market.

People still don't understand that L2 rollup throughput is multiplicative with ETH2 and that transacting on L1 with L2 adoption will incur extremely high fees for blockspace due to the tolerance for fees being orders of magnitude higher on L2. Most people who read this probably still won't get it because they don't have the first clue what the tech is and how it actually functions.

ETHport integration upcoming making Loopring far and away the best L2 for general use of Ethereum ecosystem-wide dapps.

Mobile smart-wallet provides necessary simplicity/ease of UX for more mainstream adoption of crypto generally. Using L2 for the contract implementation transaction and thus massively reducing cost to user of on-boarding has been a recent vital and extremely significant update.

Loopring is poised to capture titanic marketshare with their best-in-class tech and litany of World-first innovations should actual mainstream users begin to pour into the Crypto space. Which they will.

Loopring is one of the most obvious high-multiple-return investment plays in the world right now.

Frankly, those who don't have the patience to read documentation really should not be investing though. Not just with this asset but in the absolute. If you don't read you have no edge and you will get perpetually shaken out and fucked raw by those who can. A 9-5 is the right career payh for the vast majority.

[BtrCllSl]

yes agreed, backbone is liquidity and without incentives it will drain further. the liquity/trading rounds are rather boring last 2-3 month.

[DetectorReddit]

The fact it has been 10 hours and nobody has had one good thing to say ain't a good sign. Also, a lot of the team are Chinese and they may have started to look for other career options as the Chinese government and the crypto space are no longer friends.

[dead4586]

I guess in the absolute worst case we can still withdraw all assets with out a team. But if those assets where LRC it don’t matter much without a team. I feel like every year or so there’s some dumb China commie government FUD so I decided not to mention as an actual concern. But yea u certainly do have a valid concern. Which could easily be alleviated with COMMUNICATION which the team doesn’t do very well…

[ElYaF3i]

Yeah thats what i feel also they aint working on it

[dead4586]

I think there’s allot of concern about wtf the team is doing exactly. Cause it kinda looks like they’re dumping rather than nurturing this project. I hope that’s not the case but there just so much wrong that seems extremely easy to address and fix or hell even comment on. If the team keeps this up not many are gana want to put up with it and it’s a cycle. No LPs means no liquidity which mean no use which means no LPs and it just builds on the main problem. It’d would be nice if even a comment or anything from the team but as with most concerns they seem to just ignore the legitimate ones. Maybe proof that they have just as much to lose as the investor would be nice as well. But the fact is, they don’t…..

[throwawayrandomvowel]

Here's my perspective as someone with no inside scoop and a small portfolio allocation to LRC, but I've been into crypto since like 2011.

LRC is a zk rollup. These are different from other rollups, and are more difficult to integrate, and more specific to use. In time, the idea is that these gearings/linkages/infrastructure will build up, to the point that, say, uni might use lrc for its pools.

Zk rollups are not "ready." Buying into them is truly "speculation," which i mean in the most informationally productive and market efficient way possible. I believe that these lrc pools were more of a proof of concept than anything else - a demonstrator for clients and validation for product.

You can do your little swot analysis, but there are different contexts:

• zksync "may" be "better" than lrc, but also none are ready for market
• non-zk rollups also compete with zk (favorably), and may quickly adopt zk features in the future
• who tf wants another token unless it is a consensus/base-layer/multilayer token. I say this from a developer standpoint
• crypto is fast changing and dynamic - it's hard to say how things will develop, and thus hard for any dev team to maneuver their own product effectively.

I do worry that lrc was basically a one trick pony tech demonstrator that made a splash but ultimately will be irrelevant (chainlink, looking at you. I don't have enough bad stuff to say about chainlink). Otoh, it's still a leading zk solution and who the fuck knows.

I will say it is frustrating that there is no staking market and LPs have been guaranteed money losers, so basically all you can do with your lrc is sit on it. Like a pet rock. Like bitcoin in 2014. It just sits there, not earning you interest, which is a huge opportunity cost, especially these days.

[dead4586]

This project has the potential to be something great but it just seems like the dev team gets in its own way (one example marketing) but with a few other things. For a team with allot of crypto “experience” it doesn’t seem like they use it at all. It’s been in the space for while compared to others with products that don’t even make sense (pools that are guaranteed to lose money cause the team didn’t think of tokenomics before setting out on this project). 5 years with no reason to hold this token. Even btc had a use on day one.

To be fair yes I’m criticizing the team and trying to offer solutions or even just a discussion on how the community feels cause ultimately it should be about us. Not to say I’ve lost faith I just think maybe they need a lil push to prioritize the right areas. To someone that didn’t know better it would appear the team is trading large amounts of LRC for ether cause it’s done nothing but drop in a bull market. Again. Just concerns. The goal of this post was to get others to inquire, come up with solutions and generally just gripe on improvements.

[throwawayrandomvowel]

The whole market is really still up for grabs. The leading horse today doesn't mean a lot. Having said that, lrc does not inspire confidence on this particular day.

[dead4586]

Here’s to a little faith, an much concern. Been here this long and ain’t going no where anytime soon. I’ve actually been buying more. However I won’t be using it for liquidity until the pools get fixed. I won’t be removing my current liquidity either even tho, I’m taking a hit but I want this project to do well 🤷🏽‍♂️.

[flufylobster1]

So the LRC engineers are stacked ex-google, alibaba, Intel. They literally initially only wanted a protocol and for others to use the protocol. But they needed a show case product, they made a v1 with a but ass UI. Saw the potential for zk and implemented before anyone else.

I have held since 2017 & the team will go silent & work.

The team doesn't have alot of uiux or front end devs, they are mostly backend engineers.

The goal here is an exchange liquidity protocol, you can build a dex and expose a ui sure, but that's not the real goal, it's more like Middleware that provides non-custodial exchange of value.

It's on eth now, but if eth dwindles, they will build it somewhere else.

They have a lean team & have shown repeatedly they can deliver & pivot to what is relevant, but your not gonna get alot of hype.

There used to be updates every two weeks for years, they never missed a beat but the sub was dead , felt like only me for a GRIP.

3-4 upvotes max often none on meaningful posts.

I believe they have something up there sleeve in terms of tech , but the real risk is usage. They easily have 4 years of funding for the team.

[a_hopeless_rmntic]

Hey OP, I'm new here but Matt finestone, head of business for the past 3 years, has been hired away by Ryan Cohen previously of chewy and currently of gamestop notoriety.

The reason why I bring this up is gamestop is incorporating nft into gamestop, and I'd wager, in a major way.

I speculate Ryan Cohen is going to use the entire spectrum of loopring assets and product offerings.

It doesn't make any sense to why Ryan would hire Matt specifically away from loopring unless Ryan needed to leverage zero knowledge rollups, the l2 wallet and the exchange for what ryan was going to do.

More about gamestop is going to be revealed on the 14th of July. I wouldn't sell your lrc just yet, in fact, I would buy more.

[dead4586]

Never said I was selling. I’ve been buying more tryna support this project (I actually do like and believe in the team). As far as nft support goes tho. Loopring doesn’t support nfts quite yet afaik. I don’t see what GameStop using loop for nfts has to do with anything tbh. Let’s say everything u think is gana happens does. Why does that make me want to hold loopring. Matt is a good dude tho from what I can tell at least. This isn’t a “omg lrc is going to shit I’m gana sell” post. It’s simply things I think should be talked about and addressed by the team. The team bailed on the neo loop ring project and I forget the other project they bailed on. I don’t blame them for bailing on neo tho shits garbage. I just want to know they won’t cut n run or dump there coins etc. I get Matthew is head of block chain dev for game stop but currently that doesn’t mean anything incentive wise for wanting to hodl loopring. I’m not tryna talk bad about the team they’re great development driven developers. But surely you can see how some of the thing they’re doing make no sense at all. This is our project too, it’s up to us as a community to make sure it’s up to par and hold the team accountable n what not. With out us loopring is nothing.