According to Foresight News, Ethereum Layer 2 protocol Loopring announced the launch of LRC Staking, allowing users to earn rewards by locking LRC tokens. The LRC staking mechanism provides users with the flexibility to stake or unstake their tokens at any time, but to be eligible for staking rewards, users must lock their LRC tokens for 90 days.

In December 2022, the Loopring community passed a Snapshot vote, which proposed that 45% of the protocol's revenue would be distributed to eligible liquidity providers, 45% to users who staked LRC, and 10% to the DAO in the future.