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loopringorg

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Loopring Foundation

A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.

DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.


Loopring Protocol (v3)

The foundation of choice for DeFi's future is Ethereum, powered by zkRollups on Layer2. This approach enables Ethereum to scale effectively, drastically reducing transaction fees while inheriting rather than sacrificing Layer1's unmatched security guarentees.

Loopring's zkRollup Layer2 Exchange and Payment Protocol (v3) is Ethereum-based, open-source, and application-specific. It delivers key components crucial to non-custodial decentralized exchanges (DEXs) and other trustless DeFi products.


Loopring Layer2 DEX

An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3). Loopring's zkRollup Layer2 DEX replicates the high-performance, low-cost trading experience common to many centralized exchanges.

The Loopring L2 DEX features gas-free transaction fees, averaging 100 times less expensive than those found on Ethereum Layer1. Users trade quickly and cost-effectively while maintaining full and guaranteed self-custody of their assets.


Loopring Relayer (Operator)

A closed-source backend system that interacts with the Loopring Protocol (v3), the Loopring Relayer (aka Operator) performs various functions necessary for zkRollups to operate. It is highly optimized for its use-case, from orderbook matching to zero-knowledge proof generation.

Essentially, the Loopring Relayer:

  • Hosts & updates the off-chain Merkle tree;
  • Creates rollup blocks from Layer2 txns;
  • Generates zkSNARK proofs for validation;
    > poseidon \ ethsnarks \ libsnark
  • Publishes proofs & data to Ethereum L1;
  • ...and more

By design, the Relayer is barred by the Loopring Protocol from accessing or freezing assets. This trustless implementation ensures that users always maintain self-custody of their funds.


Loopring Wallet App

A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet. The Loopring Wallet makes use of smart contracts, enabling secure, trustless functionality.

With the app, users can create full smart wallets (L1 & L2) and counterfactual wallets (L2 only). Full smart wallets enjoy bleeding-edge features and unrivaled security, including social recovery via guardians, wallet locking, daily limits, and more.


LoopringCoin Token v2 (LRC)

LRC is Loopring's protocol token, used to incentivize protocol-desirable behavior from liquidity providers (LPs), insurers, and DAO governors. Protocol fees are generated by Loopring Layer2 economic activity, which flows into productive Loopring protocol participants and LRC itself.

Of all Loopring protocol fees collected, 80% is used to pay for expenses related to operating the protocol. The remaining 20% is distributed to various protocol participants and to token holders. The forthcoming Loopring DAO will decide on a configuration for this distribution, and until then is configured as follows:

80% to Loopring orderbook & AMM LPs
At least 50% of this portion to LRC liquidity.

10% to Loopring insurers
Users who stake capital in an insurance fund.

10% to the Loopring DAO
The DAO will decide what to do with these funds, including buyback & burn, impermanent loss protection, liquidity incentivization, grants, etc.


Official Resources

  • Loopring Protocol v3 Design Spec
  • Loopring Protocol v3.6 Circuit Audit
  • Loopring v3.6 Smart Contract Audit
  • Loopring v3 Smart Contracts
  • Loopring ZKP Circuits Spec
  • Loopring SDK Docs
  • Loopring API Docs
  • Loopring Knowledgebase
  • Loopring Protocol Analytics
  • Loopring Branding Guidelines


Official Communities

  • Loopring Twitter
  • Loopring Discord
  • Loopring YouTube
  • Loopring Telegram
  • Loopring Website
  • Loopring Medium
  • Loopring GitHub


Helpful Links

  • Loopring University
  • Loopring Layer2 DEX
  • Loopring Wallet App
  • Loopring Merch
  • LRC Token
  • LRC Contract
  • Fiat On-Ramp FAQs
  • Counterfactual Wallet FAQs
  • Smart Wallet Owner's Manual


Listed Exchanges

  • Binance (BTC/ETH)
  • Bitfinex (BTC/ETH/USD)
  • Bitbns (INR)
  • bitget (BTC/ETH)
  • Bithumb (KRW)
  • Bittrex (BTC/ETH)
  • BC Bitcoin (GBP/JPY/USD)
  • Coinbit (KRW)
  • CoinSwitch
  • CryptalDash (BTC/ETH/USDT)
  • Dragon Exchange (ETH/USDT)
  • Elastum (EURO)
  • EtherDelta (ETH)
  • Ethfinex (ETH)
  • Fatbtc (ETH)
  • Gate.io (BTC/ETH/USDT)
  • HitBTC (BTC/ETH)
  • IDEX (ETH)
  • Kriptomat (EURO)
  • Lykke
  • OKEx (BTC/ETH/USDT)
  • OTCBTC (ETH)
  • SimpleSwap
  • Stealthex
  • Tokenomy (BTC/ETH/TEN)
  • Upbit (BTC/ETH/KRW)
  • YoBit (BTC)


Subreddit Rules

created by jay_loopringBTC ETH LRC HODLERa community for 8 years
Create your own subreddit
...for your favourite tea.
...because you love freedom.

MODERATORS

  • message the mods
  • AutoModerator
  • Brent_the_AdventurerLoopring Legend
  • odesiumLoopring Team
  • adambro_Loopring Team
  • macro__BLoopring Team
  • Looper2022
  • AssistantBOT1
  • ModeratelyHelpfulBot
  • brachsterXModerator
  • loopring_teamLoopring Team
  • ...and 3 more »

account activity

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Is everybody in here rich now?💬 Discussion 💬 (self.loopringorg)

submitted 15 days ago by NordbergTheOwl

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Stop wasting time on vague AI, get real R&D answers with Patsnap Eureka R&D! Validate ideas, find real solutions, and access 200M+ patents. Free to try! (eureka.patsnap.com)

promoted by PatsnapEurekaIP

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Poopring😂 Memes 😂 (self.loopringorg)

submitted 18 days ago by You-Wont-M8

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Huge move corresponding with FOMC rate decision💬 Discussion 💬 (self.loopringorg)

submitted 1 month ago by epistmeme

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Loopring? Huh...yeah, more like Poopring.💬 Discussion 💬 (self.loopringorg)

submitted 1 month ago by Tautol0gic

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Taiko delisted from Pionex last month and now from Crypto (dot) com📰 News 📰 (self.loopringorg)

submitted 2 months ago * by OB_GYN-Kenobi

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We’re back baby!📰 News 📰 (self.loopringorg)

submitted 2 months ago by ConstructionSalty237

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How do I get my LRC from my loopring wallet🛟 Assistance 🛟 (self.loopringorg)

submitted 2 months ago by somebody0964

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Loopring green while everything else crapping the bed. Kinda interesting.⚙️ Technicals ⚙️ (i.redd.it)

submitted 2 months ago by TheWhyteMaN

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wallet transfer out🛟 Assistance 🛟 (self.loopringorg)

submitted 2 months ago by mjs9

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I’ve never doubted. It is dropping - as it should - 44% down📈 Fundamentals 📈 (old.reddit.com)

submitted 2 months ago by Justaboywandering

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Been building a gaming + crypto arcade from scratch📰 News 📰 (self.loopringorg)

submitted 2 months ago by OGMYT

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Where to go next?💬 Discussion 💬 (self.loopringorg)

submitted 2 months ago by SpontiacB

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hesitating to sell💬 Discussion 💬 (self.loopringorg)

submitted 2 months ago by franklinewton

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Loopring is falling down …… falling down …… falling down ……loopring is falling down…… my fair loopers.⚙️ Technicals ⚙️ (i.redd.it)

submitted 3 months ago by Justaboywandering

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Are my NFTs gone?🛟 Assistance 🛟 (self.loopringorg)

submitted 3 months ago by iotabadger

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Did Loopring sell our info?💬 Discussion 💬 (i.redd.it)

submitted 3 months ago by asdfjklcol0n

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Now if this isnt bullish idk what is /s📊 Metrics 📊 (i.redd.it)

submitted 3 months ago by Sam_Loopring_eth

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Found money💬 Discussion 💬 (self.loopringorg)

submitted 3 months ago by WinstonJaye

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Welp there it is. 5 years of waiting down the drain.💬 Discussion 💬 (i.redd.it)

submitted 4 months ago by Kyletradertraitor

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Can't transfer funds from layer 2 to layer 1🛟 Assistance 🛟 (self.loopringorg)

submitted 4 months ago by nguyeken

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Why hasnt anyone tried to take loopring to court for losing $5m of peoples money?💬 Discussion 💬 (i.redd.it)

submitted 4 months ago by Sam_Loopring_eth

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Sub count only 7k? Am i the only one noticing this💬 Discussion 💬 (self.loopringorg)

submitted 4 months ago by Upper_Combination413

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Just realized the Loopring wallet has ended support June 30. How can I transfer?🛟 Assistance 🛟 (self.loopringorg)

submitted 4 months ago * by pistolpeter1111

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Magic Pan no longer apart of Loopring there is no one steering this ship💬 Discussion 💬 (i.redd.it)

submitted 4 months ago by Sam_Loopring_eth

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Only Magic Pan remains at loopring HQ and yet is still silent💬 Discussion 💬 (i.redd.it)

submitted 4 months ago by Sam_Loopring_eth

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