loopring

Loopring is a collection of Ethereum smart contracts and ZK circuits that describe how to build highly secure, highly scalable projects-based DEXes, AMMs, and payment apps. By utilizing smart contracts on the Ethereum blockchain, Loopring enables users to trade various cryptocurrencies without depositing funds into a centralized exchange. Loopring operates as a decentralized protocol reducing the control as a centralized exchange and providing users control over their assets. This platform provides security to the assets as it uses the smart contact on Ethereum and ensures trades are executed securely and users retain their ownership of their private keys.

Company details:

• Established year: 2017
• Founders: Daniel Wang, Jay Zhou & Johnston Chen
• Headquarters: Shanghai, China

Key services:

• Loopring uses zero-knowledge rollups (zkRollups) to enable high-throughput and low-cost transactions while maintaining Ethereum's security.
• This technology aggregates thousands of transactions off-chain, reducing gas fees significantly.
• Loopring provides a non-custodial trading platform where users can trade cryptocurrencies without relinquishing control of their funds.
• Supports high-speed, low-cost trading with an on-chain settlement mechanism.
• Loopring integrates AMM functionalities, allowing users to trade directly from liquidity pools.
• It supports liquidity provision and fee-sharing for participants.
• Offers a smart contract-based wallet for secure storage of assets and easy interaction with the protocol.
• Includes features like social recovery, allowing users to regain wallet access through trusted parties.
• Facilitates fast, cheap, and secure Layer 2 payments between Ethereum addresses.
• Useful for microtransactions and everyday crypto payments.
• The Loopring protocol is open source, encouraging developers to build applications on its Layer 2 infrastructure.
• LRC, the native token, can be staked for various benefits, including fee reductions and governance participation.