![]() How to make instant transfers on Loopring Future deposits of the same token will just have the deposit tx, not the approval. This costs gas, since it is an L1 operation, but this token approval tx happens just once per token. You may be familiar with this pattern from all other Ethereum apps. When you deposit any asset besides ETH (any ERC20 token), the deposit contract will first ask you for permission, aka a ‘token approval’, allowing it to interact with your respective token. Click ‘Connect Wallet’ and link up your MetaMask, MEW, or a WalletConnect compatible wallet (Loopring Wallet is WalletConnect compatible).įor other deposits, you simply do this same process again (which costs gas since it is from L1). If you’re more technical, you can also interact with L2 via our relayer API. We’ll focus on the Loopring L2 web platform in this guide, but note that all the L2 tactics you learn here can be applied similarly using your Loopring Wallet as well. You can currently access the Loopring DEX by going to the Loopring L2 on a web browser, or through the Loopring smart wallet mobile app ( available on iOS and Android). How to remove liquidity from an AMM pool.Finding the highest earning pools on Loopring L2.How to make instant transfers on Loopring L2.For more in-depth technical info, read our Design Doc. Because Ethereum verifies these proofs, and stores enough data to tell exactly which off-chain account owns what, zkRollups inherit the same non-custodial security as Ethereum, but can run much faster. It does this by moving all of the heavy lifting (computations) off-chain, keeping the rules enforced and security intact by using validity proofs: cryptographic proofs attesting to what happened off-chain. ZkRollup is a type of layer 2 scaling solution on Ethereum, allowing much higher throughput and much lower costs, without sacrificing security. Users can send ETH and ERC20 token transfers to any Ethereum address instantly, cheaply, and securely on L2. Loopring L2 is more than just a DEX, as it also acts as a payment app. The DEX is built atop the open source Loopring protocol. Users can trade speedily & cheaply (without worrying about Ethereum congestion or gas fees) while maintaining self-custody control of their assets. It is an orderbook-based and AMM-based DEX that replicates the high-performance, low-cost trading experience of centralized exchanges. Loopring L2 is a non-custodial Ethereum decentralized exchange (DEX) built on the Loopring zkRollup. ![]() But first, we’ll answer two basic questions.
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