Loopring Smart Wallet is an easy-to-use crypto wallet built on L2. This means very low gas fees for transactions taking place on L2, but with the added security of the Ethereum mainnet.
This app allows you to take full self-custodial control of your crypto and NFTs and the team is consistently churning out new dApps to explore, though I suspect there is much to come on that front.
The “Earn” option in the wallet allows you to leverage your crypto in various ways and with varying degrees of risk. I personally enjoy partaking in the LRC/ETH AMM pool and in CIAN leveraged Eth staking.
My only suggestion for the team would be to make it easier to see your earnings for AMM pool participation and others. As it stands now, you are able to see your total earnings with a breakdown in the various formats. I’d like to see these earnings broken down into each individual “subscription,” allowing users to more easily identify appropriate exit points from their subscriptions;
I.e. I see I’ve made 10 LRC and .000x ETH during my time in the AMM pool, but I can’t see what my CURRENT pool tokens have made, or what the value of them was when I entered. I may have withdrawn all of my LP tokens 6 months ago and added new ones 2 months ago, but the total rewards reflect the history of my participation in that pool in its entirety.
This is a basic L2 smart contract wallet. You will assume not insignificant fees (in ETH and/or LRC) to create a smart contract to use the wallet. You will assume not insignificant fees to move to and from L1 to L2, including through 3rd party networks like off ramp. There will be impermanent loss on most of the investing opportunities, with the exception of staking. LRC staking reward is below 1%.
The fun part:
You get to be a part of a community that had to watch the founder beg daddy Elon for help for two days because his Loopring official Twitter account was hacked. For two days that account sent out scam links wallet links. Days before that the founder is begging daddy to look into LRC and to use the Twitter platform to grow the community.
I use this wallet everyday! The earn function is awesome, it’s like having the derivatives market for cryptocurrencies. Don’t forget to check in and earn points that make upgrading and other benefits free if you stack up some points by simply clicking the lil bell. The only wallet I use everyday.
I’ve been using Loopring Wallet since the beginning! So many changes during that time has made it so easy to use. I love how my NFT collection is easily accessed, stored, and distributed! I had a fantastic experience with the support team recently when I needed to recover my wallet. They were incredibly helpful during that time. I wouldn’t use another wallet.
Love my loopring wallet. Features are great, many different earn options, and the team behind loopring is very responsive and helpful within the community.
Only gripe is on/off ramp. Which says more of legacy banking than it does about the loopring team. Big Business is trying to create choke points to slow inflow to the ecosystem in the hopes of it(cryptocurrencies) dying off.
But IYKYK, and the US dollar will eventually fail due to money printing and inflation. How quickly this happens is anyone guess, but I’m comfortable “ being my own bank “ knowing loopring is there for support..
Great work team, and keep pushing those improvements.
I downloaded this over a year ago but didn’t actually activate anything as I found the process to be not very noob-friendly. I finally revisited the wallet a few weeks ago and all I can say is that it’s practically an entirely different app than it was then. This wallet has progressed into something spectacular, the process is so simple; it screams mass-adoption. I got everything activated and setup an ENS all within a few minutes for only under $20 total in gas fees and now, finally, all my assets are tucked away into L2 and safe from a possible collapse similar to FTX. If you’ve been putting off using this wallet like I have then I strongly recommend you take another look!
This is a nice play wallet but if you don’t have your keys then it’s not your wallet/money. It’s weird that you try to sell this fact as a feature not a massive centralized flaw.
Why can’t I import my GameStop wallet that already has Loopring L2 activated? The fact I can’t do that means this wallet is a walled garden. Why don’t you want us to own our own wallets? This is the antithesis to web 3.0
The Loopring Smart Wallet is the world’s first Ethereum smart wallet powered by zkRollup technology. Users no longer need cumbersome private keys and mnemonics. Instead, Loopring offers better security with the tools you already have: your phone and friends/family. Users can ensure their assets are secure by choosing their trustworthy security team.
The Loopring Smart Wallet is an Ethereum wallet that is managed by a smart contract instead of a mnemonic seed phrase. By using a smart contract, the wallet allows the user to enjoy advanced features and security such as Social Recovery, lock protection, daily limits, , and more eliminating the single point of failure common in a normal wallet. With the security and added features comes a one-time gas fee for deploying the smart contract to Ethereum L1.
This is by far the easiest wallet to start using. Also it is a must for the GME marketplace and the marketplace is awesome. Loopring will continue to grow and this wallet makes my funds feel secure and gives me a peace of mind. Must download for anyone new to crypto or looking to change
I create this wallet because I thought it would be more safer to use than MetaMask. Thing is, this wallet does not provide private key or security seed phrase. If you delete the app, your assets are lost and have to use L1 to retrieve. Not sure I like that. I know many people not tech savvy but I’m looking to make sure I can get access to my wallet. Anything can happen to one’s cellphone.
Greekster13
Dave in California
Merlinphoto
-BoBCoY-
Alllame
JNikHa
agent83
Nick'snomimium
Smoooooooth111112223
Zayzay23
