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.
Ongoing projects led by Loopring:
Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
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 Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.
Hi folks,
So I have LRC in Binance and I am no longer able to subscribe to their earn function and earn LRC. I had made the decision to move my LRC to the Loopring wallet but I'm worried that this same problem (as pictured above) will occur with the wallet. Is the Loopring wallet bound by the same local regulations as Binance? If I move my LRC will I be encounter the same restrictions?
Thanks
Only one way to find out. But I’m thinking since loopring is a wallet it’s different than an exchange.
Yes I’m in this mindset too (not financial advice btw). A Wallet doesn’t hold anything, it’s just a window to your assets on a blockchain. An exchange does and has to go under all types of regulations as it:- onboard you, hold your personal info, you send it actual money, etc etc