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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Is LRC Still Worth the HODL?? (alien.top)

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

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Heyo - been a minute since checking in. Realize this is the most biased place to ask this question, BUT:

given movement in the market, wondering if LRC is worth the hold - or should I quick swap to something with more short term promise. Convince me to stay.

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[–] voltaiix@alien.top 1 points 1 year ago (2 children)

The team has been working this whole winter, its following BTC and other tokens. I personally believe they are covered by so many NDA’s + winter making it not very exciting, but personally I believe we will see a nice increase this bull run and if they are finally able to announce great things, we may see marketing this time around as well.

I would also Say IMX is a great candidate if you are truely wanting to swap. IMX have a great white paper, good use case, plenty of amazing partnerships and its leading the way in Web 3 gaming. However I believe LRC and IMX are very intertwined with the whole GME Partnership so both could increase very drastically if big news hits us.

Yes, the whole PR with Byron and Wang Wang doing Taiko, but we don’t know the whole picture yet. This is a speculative play which is high risk investing / borderline gambling.

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

There is great blockchain technologies now (immutable and Telos), but Taiko is the ultimate game changer. Type-1 zkEVM means any blockchain on Ethereum can adopt it (cross-chain compatibility). It’s worth the HODL.

[–] GMEthLoopring@alien.top 1 points 1 year ago (1 children)

You mean the basically dead NFT marketplace? That partnership? xD

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

You just wait... there's a quarterly report coming out that will be better than any other quarterly report in the history of history. /s