Dual Investment: one of the hottest investment products across CEXs is now accessible (with the same CEX liquidity) to Ethereum DeFi users from their self-custodial walletsđ¤Ż
Part of the all-new, multi-network Loopring DeFiđ
We've made a couple big decentralization improvements in the Loopring ecosystem over this past quarterđ
Take a look đ§ľđ
1) Trustless Guardian Interactionsâ: This enables guardian interactions in a trustless mode. Security-sensitive operations requiring guardian approval can now bypass the Loopring Relayer. Users can generate a transaction hash (QR code) and collect guardian approvals off-chain, submitting the final approved request on-chain. This ensures smart wallet functionality even if the Loopring backend is unavailable.
2) Self-Help Transaction Mode: Should the Loopring backend fail, users can now still relay transactions on-chain using any other EOA wallet. This helps ensure Loopring users always keep full access to their funds.
All of this plus many other updates we made are part of our overall, long-term strategy to focus on the new Multi-Network Loopring DeFi effort as well as making the Loopring mobile app as user friendly as possible with our Multi-Network rollout.
If we want our products to be adopted by large amounts of users across every network, we need them to be as scalable, decentralized and robust as possible with maximum uptime and little to no dependencies on any centralized services.
Read about all of this and more in our recently published Q3/2024 Update blog here:
We've made a couple big decentralization improvements in the Loopring ecosystem over this past quarterđ
Let's dig inđ§ľđ
1) Trustless Guardian Interactionsâ: This enables guardian interactions in a trustless mode. Security-sensitive operations requiring guardian approval can now bypass the Loopring Relayer. Users can generate a transaction hash (QR code) and collect guardian approvals off-chain, submitting the final approved request on-chain. This ensures smart wallet functionality even if the Loopring backend is unavailable.
2) Self-Help Transaction Mode:â Should the Loopring backend fail, users can now still relay transactions on-chain using any other EOA wallet. This helps ensure Loopring users always keep full access to their funds.
Congratulations to @EthJuniper who has been voted in by the community as Q3/2024's #L2Looperđ
This role rewards Loopring ecosystem participants with a Loophead NFT for their contributions to helping grow the community - stay tuned for another chance to win at the end of this quarterđ
We've recently released a full guide that walks you through the new Multi-Network DeFi DApp, including how to deposit to Loopring L3 on @taikoxyz to get started on exploring the DeFi products inside
đšleverage now increased up to 10x đšnew notification alerts for at risk positions đšdust collector function added to convert small amounts to USDT đšadded function to redeem partial collateral
đ
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