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Current thoughts on Loopring or LRC?

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by COINS NEWS 124 Views

What are your thoughts on Loopring, their L2 smart wallet app, or their token LRC?

I've been using the smart wallet for ~1 year now and it's been a constant improvement. Dark mode, dual invest, new liquidity pairs, and Lido/Rocketpool staking have all been implemented in the last ~6 months. They're also earing constant protocol fees from the GameStop marketplace.

If the SEC is cracking down on CEX staking, does that increase the chance you would use your crypto in DEXs? Would you make liquidity pairs in an AMM, or stake as Loopring has voted to bring on in the future? How about dual invest?

If there are any other crypto products that are similar you prefer, please let me know! I'd like to become more informed and research other products and competitors.

Yes it's fair to hate on Loopring because of the exaggerated hype and "quarterly report worth 10 quarterly reports". TBH, if I never Byron's hype tweets, I'd feel like the team was overdelivering. Instead even with their improvements it feels like they're overpromising.

submitted by /u/metalgrizzlycannon
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