Loopring Quarterly Update | 2021/Q2
Loopring introduced second edition of Loopring Quarterly Updates.
At the start of 2021, they began transition from being heavily R&D-driven to being more product-focused by releasing several major core products.
Q2 has been a quarter of battle testing, learning, and growing. The broader Ethereum and crypto ecosystems have been quieter compared to Q1 and we have taken this opportunity to keep our heads down and build.
While they will continue to operate and innovate across the stack, the whole team has been dedicated to building the best possible products and their efforts will be coming to a head very soon.
The second half of 2021 will bring many exciting upgrades that we believe will catapult Loopring into its next growth stage.
Summary of Q2
1. Loopring Wallet
2. Loopring Wallet Launchpad
3. Exchange V2 Improvements + Collaborations
4. Loopring Subgraph and Block Explorer
5. Liquidity Mining
6. Protocol Fees
7. Loopring Creator Grants
8. Loopring Media & Milestones
Path Forward
1. EthPort
EthPort is Loopring’s solution to the composability problem of Ethereum’s move to layer-2. Among L2s, zkRollups are especially well suited to help solve composability because of the use of validity proofs, which allow for instant finality and fast withdrawals. These properties are key to the designs they use.
2. Multi-Layer Wallets + Further Mobile Upgrades:
As mentioned above, the Loopring Smart Wallet is about to become a multi-layer, multi-chain wallet for users across crypto to enjoy the increased security and other benefits of Social Recovery wallets.
Arbitrum contracts have already been deployed and the user experience is currently being worked on in a new mobile upgrade coming soon.
3. Further Exchange Improvements
Q1 brought the addition of AMM’s to compliment the existing orderbooks, Q2 brought Merged Liquidity, and Q3 will bring even more major upgrades to the Loopring Exchange.
What is Loopring?
Loopring is an Ethereum zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our layer-2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring Exchange — an L2 orderbook and AMM DEX.
📰 INFO:
https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q2-d22571a13568
