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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[–] Unfair_Routine_420@alien.top 1 points 10 months ago (1 children)

Where do folks think the volume is coming from?

[–] ThaGooch84@alien.top 1 points 10 months ago

When the float is locked there will be no volume 🤷‍♂️ so I'm not so sure how it all works tbh. I thought that drs was to take away the shares they need to cover thus born the thesis that we name the price, they have to come to me and ask me how much do I want for my shares because there's none available on the market to cover the never ending black hole of a short position.. I don't see how it will spark a squeeze the squeeze will come from fomo and the need to cover then after. Few positive Qs and a trip to the S&P and it will be a different ball game. We need the price to remain low not to lock the float but to make it look tasty to new investors when the time is right