What Is Loopring (LRC) ?

What Is Loopring (LRC) ?


About Loopring

Loopring (LRC) is an open protocol for scalable non-custodial exchanges on Ethereum. The Loopring protocol smart contracts and zero-knowledge proof circuits allow the building of high-performance DEXes using a zkRollup construction. This allows for higher throughput and lower settlement costs without sacrificing Ethereum-level security guarantees. LRC token can be staked by holders to earn protocol fees, and by DEXes as a bond to follow protocol-defined behavior.

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How Loopring Works?

In the risk-free and low-cost Loopring system, relayers do not hold users' assets. You can match orders with minimum money on the platform. So you can start with a small investment and increase your profits.

Install relayer with existing cryptocurrencies in Loopring and increase your liquidity by entering your own orders. As a result, earn more money as a market maker. Do you have trouble connecting? Do not worry. You can terminate this process at any time, and the assets of you or your users are in no way affected.

Orders placed on the platform are signed with the users' private key, but orders do not hold the money in question. Orders are then sent to one or more relayers or shared on the liquidity sharing network, so order books are created. The smart contracts of the Loopring protocol ensure that the atomic transfer of tokens is done risk-free.

Loopring distributes 20% of the transaction fees of all orders from wallets to wallets in real time as a reward. If you install Relayer, this share will be up to 80%, low risk and guaranteed by the protocol. So a large part of the transaction fees is up to you. If you trade as a market maker, you will earn all the margin and LRC transaction fees. This means more money.

 

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Official Website :  https://loopring.org/

Official Telegram Chat :  https://t.me/loopring_en

Source Code:  https://github.com/loopring

 

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