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.
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
As more activity occurs on loopring, the return rate will increase. This is most likely because bullish market, hopefully full bull market returning.
Good question, maybe because there was more trading and movement lately?
Volume
Most likely just due to the volume and price increase.
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.
You should jump on discord and post this on ama, it would be interesting question for the team.
Cian are also looking into doing something with lrc, nothing set in stone yet. I'm keen to see what they come up with, they are also asking to hear idea's from others about how this could proceed.
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.
That'll be because I redeemed my LRC from staking on Wednesday after approx 200 days and earning not much at all.
I redeemed about an hour before this post. 222 days for 8 loops 💰💰💰
U/petervancee - this is the answer. “Staking” does not mean all protocols are doing the same thing
Staking ETH is contributing to validating the chain, and getting rewarded.
Staking LRC is joining a pool that gets a % of protocol fees. The more fees generated (trading, NFTs, sending etc) the bigger the pool. So to answer your Q, it is going up because there are more fees being generated
Where do folks think the volume is coming from?
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
I hold some loopring on the loopring wallet but the staking rewards are absolute mince. I hold 1700 LRC on there and have not even made 1 coin yet in what feels like months. ATOM on the other hand I hold 60 and have made 7 coins in the same time