Loopring Monthly Update — 2020/12

This article was first published on Loopring Protocol - Medium
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Loopring Monthly Update — 2020/12

Happy, healthy new year! This is coming a week later than usual, as it was a very busy end of 2020 and beginning of 2021 for us. Apologies for the delay. But we could not think of a more propitious sign for Loopring and for zkRollups in general, as scaling becomes top of mind for everyone as Ethereum block space continues to be in incredibly high demand.

In December, we launched Loopring Protocol v3.6 and Loopring Exchange v2, and completed all functions related to Layer 2 AMM and liquidity provision. And the Loopring smart wallet has integrated most of the above functions and many more. We also released the new relayer API. On the non-development side, we launched various marketing activities including a liquidity mining program.

Loopring Exchange

We launched Loopring Protocol 3.6, which among many substantial efficiency and usability improvements vs 3.1, integrates AMM functionality on our zkRollup. So atop the new protocol, we launched the first ever L2 AMM on Ethereum mainnet — Loopring Exchange (v2) — which you can access at exchange.loopring.io.

Loopring Protocol 3.6 means our zkRollup supports token transfers, orderbook trading, and automated market maker swapping & liquidity provision. Users can experience all of these gas-free on our L2, with complete Ethereum security guarantees of their assets. You can see 3.6 deployment info here.

We also released the new API and documentation of Loopring Exchange at docs3.loopring.io. The API document also includes some basic usage tutorials, which can facilitate programmatic traders to connect with Loopring’s Layer 2 liquidity, and allow developers to build products atop or around it.

Projects or developers wanting to use Loopring’s L2 for payments (gas-free, apparently instant transfers) should also look at the above API docs....

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