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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I feel ya and I'm sure I'm down as much. But my two points are.
When there is a tradable market place, for in game digital assets, things will start to change.
The fact that LRC is deflationary by design and will burn tokens the more relevant it gets, is attractive.
That's it. Maybe. But I like the idea of it.
Now there is also what we have now and I also like that. I'm not a trader just a hodlr so playing around with small stakes is my only experience with the DEX.
I never went in with money I couldn't lose and survive, but I certainly put in a shit ton. Diamond Hands is the only way. This is the way.
Didn't we get this with the gamestop partnership? I remember they have abandoned it but I might be wrong.
I think LRC was hyped too much and the action came too late (during the deep bear market and underwhelming).
It doesn't help that the main players we know are working on other tokens...