Loopring Wallet: L2 Dex & Defi description
First ever Ethereum smart contract wallet with zkRollup-based Ethereum Layer 2 allows you to avoid gas fees and network congestion. DEX, DeFi, and payment powered by Loopring Layer 2 enables easy assets investment and earning.
✔ CHEAP, FAST and EASY TO USE
Loopring Wallet integrates Loopring's zkRollup, a layer 2 scaling protocol to increase speeds and lower fees by 1000x relative to Ethereum mainnet. Loopring provides a trading experience like Robinhood or Binance, a payment experience like Alipay or Venmo, but with the power of Ethereum. Loopring Layer 2 gives you the best of both worlds - gas-free and ultra-fast, with Ethereum security, opportunity, and global reach.
✔ DEX, DeFI & DAPP
Earn, invest, and trade, all at a click. Swap b/w mainstream tokens with cheaper fees via Layer 2; deposit assets to AMM pools to earn incentives; win swap tournaments to earn rewards. The new decentralized financial system is at your fingertips which opens a gateway to the future of finance.
✔ SECURE, SMART & IN-CONTROL
Completely self-custodial; only you control your assets. Say goodbye to seed phrases and paper backups with social recovery guardian. Choose a combination of trusted friends, your other wallets (hardware or software), or institutions as guardians of your wallet. If you ever lose access to your wallet, they help you recover your assets. You can also set limits on daily transfers, and lock your wallet down if ever needed.
✔ OWN YOUR IDENTITY
Decouples identity and security. You can choose your wallet name and address, and maintain this identity forever on Ethereum. Even if a security incident occurs, you can continue to use the same wallet and ensure that all assets on the wallet are secure. Compared to an ordinary wallet where, if the private key is leaked, all your assets are no longer safe.