Loopring Exchange has listed 11 trading pairs during the month: TON/ETH, BAND/USDT, WBTC/USDC, ETH-WBTC, QCAD-USDT, UNI/USDT, ADX/USDT, NIOX/ETH, KAI/USDT, PLTC/ USDT, OGN/USDT. Loopring Pay (transfers on the zkRollup) added support for 12 new tokens: UMA, STAKE, OGN, HEX, ENTRP, WNXM, NIOX, ADX, QCAD, UNI, KAI, PLTC.
Loopring Exchange now supports Authereum and Coinbase Wallet for connecting to Loopring.io, adding to MetaMask, WalletConnect, and MEW wallets.
An alternate UI was built that abstracts the Loopring Exchange orderbooks and provides users with a simple swap experience, and this one is mobile friendly! And of course still gas-free. You can visit the Swap UI at https://swap.loopring.io, and it works with your existing Loopring L2 account.
The code was built by the awesome Loopring community member/developer, Federico Luzzi. The code is open-sourced and can be seen at https://github.com/loopring/loopring-swap.
Loopring Exchange has been integrated into Autonio’s NIOX Market Making Software. For maximum liquidity, our Layer 2 Ethereum orderbook DEX requires active liquidity provision (placing and canceling orders as the market moves), but it’s not easy for non-technical users to build and run a bot. This software, complete with a simple GUI, greatly reduces the barrier for everyday users to run market making bots and provide liquidity on Loopring. This tool has been especially popular for liquidity miners. Autonio provided an update on how the NIOX-ETH pair has done on Loopring, and how their community loves providing liquidity and getting rewarded for mining.
We provided a general update on liquidity mining on Loopring, going over some near term plans, campaigns, and more. (Since then, a new one launched with OGN as BZRX completed). As a reminder, you can expect to see your liquidity mining rewards on/around the 1st of every month in your Loopring account.
An exciting point worth reiterating is that the Loopring Exchange will soon come to mean more than ‘just’ an orderbook exchange. It will have the AMM on there and orders being able to be filled from both the books and/or from the pools. More on our zkRollup AMMs in the operations section.
Loopring Wallet
We have optimized the wallet smart contacts to enable new wallet creation in two steps: the first step deploys uninitialized wallets as batches which can be done in advance when Ethereum gas price is low; the second step is the initialization of a wallet for each user (to set owner address, ENS, and other parameters) when the user registers — the gas price at the time is not predictable.
Besides reducing the overall smart wallet creation cost, this change also allows users to select addresses they prefer from hundreds of uninitialized wallets. The following are a few examples:
0x642150e3f0F16BC9eAa06B7b7D1ae29720666666 // score 0.5815
0x666666352f0422429a9CD9f51bE3d86E7bB55553 // 0.5812
0x9f1d0A12807D33FC90822835D0aB768f04999999 // 0.5700
0x11111115f870CA43dDa95004f14E841c1192d1e1 // 0.5675
0x000000f133956896FC14dcCBc85bF0E9b48c8840 // 0.5670
0x8888882b5A7ef61b0C3f5F0aE330CBd925EB5568 // 0.5668 Random addresses are certainly free, but each ‘pretty’ address is priced based on its quality score.
Although ENS is certainly a better way of identifying wallets, we believe for the Chinese market, offering these pretty addresses is still very helpful for user acquisition and monetization.
The Loopring Wallet app received a new upgrade that has been shared to the beta-testers. The new version has most pages polished with the new design, the missing ones are all related to DEX. During this holiday season, we’ll complete the DEX UI design and publish another version soon.