Building on Loopring

54175417

Why Loopring

Loopring is an open-sourced, audited, and non-custodial exchange and payment protocol. Nobody in the Loopring ecosystem needs to trust others. zkRollups assure assets are always under users' own control; 100% Ethereum-level security guarantees.

Loopring powers highly scalable decentralized exchanges and payments by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of Ethereum is no longer the bottleneck.

Loopring performs most operations, including trade and transfer settlement, off the Ethereum blockchain. This dramatically reduces gas consumption and overall transaction cost to small fractions of comparable on-chain cost.

Loopring protocol can settle up to 2,025 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, which aggregates and executes transactions off-chain, in a provably correct manner. For context, prior versions of Loopring (and current versions of some other DEX protocols), can settle only 2 or 3 trades per second. With Loopring's layer 2 scaling, non-custodial exchanges can match the performance of custodial competitors.

The settlement cost per trade is roughly 450 to 800 GAS on layer-1, which is 0.15-0.30% of the cost of most layer-1 DEX protocols. From a user's POV, there are no gas fees, just 'normal style' fees of a few basis points or cents.

To learn more about the power of Loopring, check out their Website

What's Being Built on Loopring?

With lightening fast settlement times and minimal costs. Loopring is ideal for builders who are building solutions centered around Wallets, Exchanges, Marketplaces, and Analytics. Some of these projects include GameStop NFT Marketplace, Band Protocol, imToken, MyToken, and more. Check out more projects and learn more about building on Loopring on their Website.

Wyre provides you the tools to build out new innovative apps within the Loopring ecosystem. Tap any of Wyre's APIs to create brand new categories of apps.

Wyre's Functionalities on Loopring

Wyre APIsSupported/Not Supported on Loopring
Swaps APINot Supported
Transfers APISupported
Checkout WidgetSupported
Users APISupported
Wallet APISupported

Get Started

How to get started building on Loopring: https://loopring.org/#/protocol

Supported Transfers Pairs via API & Widgets

Loopring-Eth Pairs

{
  "LETH Pairs": [
    "ARS",
    "AUD",
    "BRL",
    "CAD",
    "CHF",
    "CLP",
    "COP",
    "CZK",
    "DKK",
    "ETH",
    "EUR",
    "GBP",
    "HKD",
    "ILS",
    "INR",
    "ISK",
    "JPY",
    "KRW",
    "MXN",
    "MYR",
    "NOK",
    "NZD",
    "PHP",
    "PLN",
    "SEK",
    "SGD",
    "SUSDC",
    "THB",
    "USD",
    "USDC",
    "VND",
    "ZAR"
  ]
}

Loopring-USDC Pairs

{
  "LUSDC Pairs": [
    "ARS",
    "AUD",
    "AVAXCUSDC",
    "BRL",
    "CAD",
    "CHF",
    "CLP",
    "COP",
    "CZK",
    "DKK",
    "ETH",
    "EUR",
    "GBP",
    "HKD",
    "ILS",
    "INR",
    "ISK",
    "JPY",
    "KRW",
    "MXN",
    "MYR",
    "NOK",
    "NZD",
    "PHP",
    "PLN",
    "SEK",
    "SGD",
    "THB",
    "USD",
    "VND",
    "ZAR"
  ]
}