Loopring
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:
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Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
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Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
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Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.
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The fundamentals haven’t changed and the team has been non-stop delivering.
The devs cannot control the price. Sure marketing will help (all in good time), but exactly as you pointed out the market (who decides price) does not value the fundamentals… yet. They value rugpull L2s that launch with no testnet just yesterday 🤣…
And that’s fine. Some even argue that after PoS ethereum has STILL not been accurately valued for what the tech stack can now provide. And that’s the second largest protocol!
Try to use a dapp these days. Many protocols are even geo-blocking the US with the likes of Iran, N Korea, and Cuba! Have to use VPNs in “the most developed country in the world”.. Do you think it is time for the actual value to be properly assessed and built into the price. I don’t. Not yet
But what I do see is a non-stop shipping team of devs, and a strong community (particularly in our discord, which you should consider joining) as you’ve pointed out. That is diverse, global and not common. Also consider how we have these things without the double edged sword of big VC money (and a basically fully circulated token)
To me, that’s all I need to hodl for a long time. I’m not a mod because I just want to ban people… I love being here, I love the tech, and I love the amazing humans I get to interact with every day and see what cool stuff they build.
BUT my time horizon is not common. I will never convert crypto back to fiat, in fact I don’t plan to sell anything until I can go to a grocery store in NYC and pay with ETH. With that view, I’m able to maintain my zen and remove the association of “price go up” with “is this a successful team/tech”
you sound rich ;)
I am rich.. in Spirit 🧘🏽♂️😌
(I have a professional job that pays well, but nowhere near monetarily rich)