Friday Alpha!
Let's Talk $LRC
1/ #ETH fees are painful these days. Anyone who interacts with #DeFi has tears in their eyes when approving a transaction.
Let's Talk $LRC
1/ #ETH fees are painful these days. Anyone who interacts with #DeFi has tears in their eyes when approving a transaction.
2/ Thankfully there are projects like @loopringorg that build the 2nd layer atop of which we can trade our magical tokens in a decentralized manner.
3/ As far as I remember @VitalikButerin has been literally shilling Loopring anywhere he could when people mentioned high #ETH fees.
Examples:
Examples:
https://twitter.com/VitalikButerin/status/1301007176354336768
5/ @VitalikButerin literally spreads news on @loopringorg on his own.
https://twitter.com/VitalikButerin/status/1290622553757605891
6/ Or on his blog
vitalik.ca/general/2021/0…
note it's a text wall and he only mentions #Ethereum, @loopringorg and @deversifi in it.
vitalik.ca/general/2021/0…
note it's a text wall and he only mentions #Ethereum, @loopringorg and @deversifi in it.
7/ Next thing;
@loopringorg stepped up its #DeFi game when it released its own AMM (think @Uniswap) on layer 2.
That was a game-changer. Users and liquidity providers no longer had to pay painful #ETH fees to interact with AMMs.
@loopringorg stepped up its #DeFi game when it released its own AMM (think @Uniswap) on layer 2.
That was a game-changer. Users and liquidity providers no longer had to pay painful #ETH fees to interact with AMMs.
8/ @loopringorg TVL on 29 Dec 2020 was at mere $1.2M and today, 44 days later its at $240M!
That's a 19900% TVL increase in 44 days. Insane.
That's a 19900% TVL increase in 44 days. Insane.
9/ What we know what sure is that #ETH2 is still far on the horizon AND we need layer 2 solutions like @loopringorg to keep #DeFi running smoothly and cheap.
2021 will be the year of layer 2 and @loopringorg is far ahead in this game.
2021 will be the year of layer 2 and @loopringorg is far ahead in this game.
10/ But sir, if #ETH2 goes fully live will @loopringorg become irrelevant?
No.
It'll only get better; see this convo between 👇@ChainLinkGod & @VitalikButerin
No.
It'll only get better; see this convo between 👇@ChainLinkGod & @VitalikButerin
12/ Thank you for coming to my tedtalk.
@loopringorg @daniel_loopring $LRC #LRC
Further reading:
publish0x.com/crypto-chart-w…
@loopringorg @daniel_loopring $LRC #LRC
Further reading:
publish0x.com/crypto-chart-w…
13/ Extra note; Yes, I'm fully aware of the one-time cost to onboard your assets onto layer 2. If you trade on AMMs more than once a month, this one is for you:
exchange.loopring.io/swap
exchange.loopring.io/swap
14/ $LRC is criminally cheap.
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