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Not really savvy in the ongoing of these things I should probably learn more so here it goes.. how do these work? Interest % has risen slightly but not enough to warrant the big jump in earnings
this post was submitted on 10 Nov 2023
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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:
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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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because loopring staking reward is generated from their own ecosystem transaction fee. the more transactions the more staking reward
This.
The staking rewards are just a piece of the trading revenue.
Given the fees are a few pennies per transaction, we need high volume to increase rewards.
With the recent crypto rush, volume has increased and therefore so have our rewards.