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 11 months ago

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communick@blockchained.world

Been getting 0.002 daily earnings but yesterday I saw a significant jump can anyone explain why pls? Isit just the amount that's in the pot? (alien.top)

submitted 10 months ago by ThaGooch84@alien.top to c/loopring@blockchained.world

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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

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[–] petervancee@alien.top 1 points 10 months ago (3 children)

What i dont understand is that the ETH staking is like minimum 3% and LRC has such a low percentage? Since the LRC staking is such a low percentage, why doesn't it use protocal behind it to use ETH as a minimum, and then subtract the transfer fees automatically. Then you have LRC staking with a minimum almost equal to ETH while still supporting the LRC environment. But maybe I don't understand things properly.

[–] pipi-sama@alien.top 1 points 10 months ago (1 children)

because loopring staking reward is generated from their own ecosystem transaction fee. the more transactions the more staking reward

[–] SpontiacB@alien.top 1 points 10 months ago

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.

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