Audience
Anyone interested in a open protocol for highly scalable, non-custodial exchanges and payments on Ethereum using zkRollup
About Loopring
Loopring is an open protocol for building scalable non-custodial exchanges on Ethereum. Leveraging zero-knowledge proofs (zkRollup), it allows for high performance trading (high throughput, low settlement cost), without sacrificing Ethereum-level security guarantees. Users always maintain 100% control of their assets throughout the trade lifecycle. You can trade on Loopring to test it out. Loopring is an open-sourced, audited, and non-custodial exchange protocol, which means nobody in the Loopring ecosystem needs to trust others. Cryptoassets are always under users' own control, with 100% Ethereum-level security guarantees. Loopring powers highly scalable decentralized exchanges by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of underlying blockchains is no longer the bottleneck. Loopring performs most operations, including order-matching and trade settlement, off the Ethereum blockchain.
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Loopring Reviews
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"This is garbage" Posted 2023-02-04
Pros: I didn't really like anything.
May be the fact that you changing tokens on l2 is gas free a plusCons: It doesn't work with any WalletConnect compatible dapp except for their own website.
Overall: I'm a dev trying to integrate this garbage of a wallet to my website, it's giving me a really hard time.
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No documentation at all.
Their example on how to connect their own wallet, written by their devs doesn't work, which speaks for itself about the quality of the product they deliver. -
Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Super cheap fees, app works great" Edited 2021-12-02
Pros: It was very easy to link my wallet with the MetaMask extension in Chrome. Then you can trade without paying the gas fees. It only cost $0.40 per trade which is considerably cheaper than gas fees right now.
Cons: Nothing really. Interface is basic but this is a beta. The high cost for setting up their L2 wallet is off-putting but that is because of the current gas fee on L1 network.
Overall: Loopring are doing something amazing here and I can't wait for the L2 fiat ramps to complete the cycle. Very soon we will have truly decentralized exchanges with super low fees thanks to the Loopring protocol.
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