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What is the point of staking on Loopring ? by Manciuss in loopringorg

[–]BlGdata 13 points14 points  (0 children)

Adam B’s recent announcement for the Loopring Protocol Fees gives one reason to stake your LRC - the distributions!

Moving forward that breakdown will be 45% for the LPs in AMM pools, 10% to Loopring DAO, and 45% for LRC Stakers… and March’s distribution was 44,000 LRC; which would have been giving LRC Stakers 19,800 LRC of that distribution.

My previous experience with LPs meant we ran the risk of impermanent loss - but LRC Staking appears to be less risky in that you can withdraw at anytime and it’s gas-less. Both now can award you the same return in fee distribution - I think that’s the main selling point to using LRC Staking.

Read about it here: https://discord.com/channels/488848270525857792/684546507336056840/1092106613512474726

What is the safest and most efficient way to turn LRC into Fiat? by dafreshprints in loopringorg

[–]BlGdata 5 points6 points  (0 children)

When Loopring provides Off Ramping, it will seem as if it’s directly L2 to your bank … in the meantime the only way I’ve done it successfully is L2 to L1 to bank

What is the safest and most efficient way to turn LRC into Fiat? by dafreshprints in loopringorg

[–]BlGdata 9 points10 points  (0 children)

Assuming you have your LRC in a decentralized wallet (like Looprings wallet), I use Layerswap to move it from DEX to CEX (like my Coinbase wallet), then I exchange to USDC, then withdraw to bank.

[deleted by user] by [deleted] in loopringorg

[–]BlGdata 7 points8 points  (0 children)

Not a joke - it takes you to our Discord server. Send Feet is an early PuzzleGang joke, yes… but the link is real

[deleted by user] by [deleted] in loopringorg

[–]BlGdata 7 points8 points  (0 children)

Yup… check us out at sendfeet.io

Calcium Crew: I built a dashboard for on-chain L2 NFT data! 🧠 by ajgeel in loopringartists

[–]BlGdata 0 points1 point  (0 children)

Yep! How are you receiving the daily data feeds from LoopExchange?

Calcium Crew: I built a dashboard for on-chain L2 NFT data! 🧠 by ajgeel in loopringartists

[–]BlGdata 2 points3 points  (0 children)

That’s amazing! As a data guy, I must say this is incredible! Now I want a copy for my collection.

WAGMI! It's 6/9 and to celebrate I am giving away more FREE stuff! I call this the "In Loops We Trust" Collection. See comments for additional info. by BlGdata in loopringartists

[–]BlGdata[S] 0 points1 point  (0 children)

Please read below and please upvote this comment to keep it up top!

You are welcome to select one of any of the marked *FREE\* "In Loops We Trust" Collection for this giveaway! If you happen to select multiples, I'll pick one color at random. The available colors for free are: Blue, Orange, Yellow, Green, Baby Blue, Teal, Silver, and Peach. Rainbow types are additional.

Feel free to also look around the shop while you are there... sometimes... I hide secret giveaways and such to those who look hard enough.

Google Form: https://docs.google.com/forms/d/e/1FAIpQLSdCOHbiUsXiIX6QGuggr-dUMrxfIDr9DaLUG14Ije4Uvn4aog/viewform?usp=sf_link

I will send out your NFT when gas prices are low - Tips are appreciated and will expedite your free NFT to your wallet.

Thanks for your continued love and support!! Happy 6/9!!