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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Loopring Smart Wallet - Where to store items (LRC, NFTs, etc.) (alien.top)

submitted 1 year ago by Lloydski6@alien.top to c/loopring@blockchained.world

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Hi All, I've had my smart wallet for well over a year now with L1 & L2 both activated. This morning I transferred some items from my GME Wallet and was just curious, should I be storing my tokens/coins in L2 or L1? Same question for NFTs.

Thanks for the help Loop Gang.

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[–] the77helios@alien.top 1 points 1 year ago

Yea if you had the GSW and plugged into their marketplace that was L2. Cheaper fees.

Bridging tokens from L2 -> L1 has a network fee associate w it (same for NFTs). So it’s possible but really up to you. Same for going from L1 -> L2.

Can also use both. Depends what your using the wallet for