Loopring

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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.

founded 1 year ago

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communick@blockchained.world

Can someone tell me why the fees to transfer to L2 have been so crazy high the past few weeks? (alien.top)

submitted 11 months ago by Bigfirehydrant@alien.top to c/loopring@blockchained.world

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I transfer my L1 loops every week and have for a long time. But for the last few weeks, prob even over a month the cost to transfer to L2 has been more expensive than even the loops I’m trying to send.

Is this a result of activity or something and the volume is too high?

Not going to pretend to be smart enough about this but I’ve been doing this for a very long time and it’s never been this expensive to transfer to L2 for this long a period of time…

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[–] Rich4477@alien.top 1 points 11 months ago (1 children)

Use the loopring wallet to buy your LRC the fees are next to nothing. Use banxa or ramp to buy usdc right into L2. If you can't do that you can layerswap.

[–] Leader_Of_Fappers@alien.top 1 points 11 months ago

Layerswap has been kind of expensive for me since i don't have much loopring to transfer. They used to support internal wallet transfer when i used to send from exchange. That way I had to pay only layerswap fee.