Loopring Bi-Weekly Update — 03/16/2019

We published the design of a new auction-based trading protocol, scheduled an LRC token contract upgrade, and made substantial progress in Loopring Protocol 3.0.

Research & Development

Protocols

We have made significant progress in Loopring Protocol 3.0’s development. The current plan is to open source our GitHub repository by the end of April with a whitepaper dedicated to this new major upgrade.

We have also published an auction-based protocol design called Oedax (Open-End Dutch Auction Exchange). Oedax is complementary to order-based trading protocols including Loopring and will be used by the Loopring Protocol 2.0 to automate the fee-burning feature. Oedax will be open-sourced in Q2, 2019. If you are interested in developing Oedax on infrastructures other than Ethereum, please reach out to us.

We have prepared and scheduled an upgrade to our current LRC token smart contract on May 8th, 2019. After the upgrade, LRC’s total/max supply will gradually decrease according to network usage.

In the near future, the fee-burning design in v2, the Oedax protocol, and the new LRC token contract will seamlessly work together and fundamentally change Loopring. Loopring Protocol 3.0 will open a new door for scaling DEXs.

Relayer

The Lightcone relayer backend is code-complete. We are performing integration testing and refactoring some unit tests. The testing will last for as long as it requires, but we are trying our very best to launch a beta internally in one month. In the meanwhile, we are also documenting the new APIs for our ecosystem partners.

The Lightcone relayer will be open sourced to select partners and will be available as cloud-based API services for DEXs, wallets, and market makers. It will effectively be Matching-as-a-Service for any non-custodial trading needs. If you are interested to get early access to Lightcone, please contact our operation team at service@loopring.org.

Products

We have started to integrate UpWallet with Lightcone relayer. In the meanwhile, we are planning to redesign UpWallet to provide a much better user experience and make it more stylish. If you are experienced in crypto wallet app UX/UI design and are enthusiastic in decentralized exchange or DeFi in general, please reach out to us — we are looking for talented part-time designers.

Operations & Marketing

  • 03/05/2019 — Loopring protocol developer, Brecht Devos, was in Paris for EthCC. Brecht is leading the development of the very promising Loopring Protocol 3.0.

Loopring @EthCC

  • 03/06/2019 — Loopring’s Matthew Finestone attended Fintech Cadence’s Ascension accelerator to help mentor fintech startups on blockchain day.

  • 03/07/2019 — Kriptomat hosts a live video AMA with Matthew speaking about all things DEX.

  • 03/08/2019 — Loopring sponsored the ETH UofT hackathon at University of Toronto. Our main prize went to Ryan and Daniel of team PeerRing for their Android P2P trading app.

Loopring @ EthUofT

  • 03/13/2019 — LRC was listed on BC Bitcoin, where users can buy and sell LRC with multiple fiat currencies.

  • 03/15/2019 — Loopring partnered with Changelly, to open LRC to USD/EUR purchasing channels. Users can use their credit cards to purchase LRC directly through Changelly.


  • To stay up-to-date with Loopring, please sign up for Loopring’s Bi-Weekly Update, and find us here:

⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ StackOverflow: stackoverflow.com/c/loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)

Loopring Bi-Weekly Update — 03/02/2019

After some time off for the Lunar New Year holiday, the Loopring team returned in full force in mid-February. Now we are back in action and ready to rock. A talented and experienced UI/UX designer has joined us last week. Our global community hosted a few meetups in Australia and North America. We’ve made great Protocol and Relay progress, had a few deep dive interviews, and Polymath successfully trialed peer-to-peer trading of security tokens over the Loopring protocol.

Protocol 2.0

The Protocol team has been working with the Relay team on integration testing in the past two weeks. We have completed testing for order parameters processing, encoding and decoding, signing transactions, order matching and event logs.

Having previously implemented support for the ST20 token standard, Polymath’s implementation of the ERC1400 security token standard, we have now successfully completed test trades. Whitelisted addresses were able to settle trades over the Loopring protocol, while non-whitelisted addresses failed. Coindesk writeup here.

Relay

Lightcone (Relay 2.0)

We have completed most of the functionalities for Relay 2.0, so we have started reviewing those functionalities and workflows to ensure the quality and the stability of the system.

  • Completed optimizations for wallet account management and updating order status.

  • Implemented processing of Ethereum fork.

  • Implemented web socket API, including monitoring pending trade.

  • Completed logging, deployment and system monitoring.

  • We have also written basic code for integration testing, preparing for more testings in the future.

  • Finally, we are working on refactoring event logs, wallet account activities and others.

Frontend & Product

iOS & Android

We have released version 1.6.2 and 1.6.3 of both iOS and Android apps. In Android development, we have fixed several bugs and re-launched app on Baidu App Store. In iOS development, we have updated the app enterprise certificates, allowing users to continue using enterprise iOS app. In addition, we have updated the trade order form to be closer to the UI of centralized exchanges. It makes it easier for new users to learn how to use our apps. At the same time, we have started researching wallet backup methods on third-party cloud platforms. We have investigated Google Drive, iCloud, Dropbox and other cloud platforms. We believe this feature will simplify workflows and we will continue the development.

We are happy to welcome a new designer to the team, Dennis Ge. Through our discussion, it’s clear he is super familiar with the main value proposition of our apps and many others in the space. We have been focusing on the core value of wallets, but also on the visual aesthetics and additional, interactive features. We have started designing an exciting new UI. In the next steps, we will present an initial plan, work with the team to make the new design goal and improve the products gradually. He will definitely make significant contribution and impact to our products.

Operations & Marketing

  • 02/06/2019 — LRC is listed on Freewallet.

  • 02/12/2019 — Loopring published a comprehensive 29 page Stablecoin Report with PwC. Full report here, synopsis here.

  • 02/14/2019 — Ethfinex listed LRC on their platform and organized the Loopring AMA on the Ethfinex Telegram.

  • 02/15/2019 — Loopring collaborates with Sydney-based blockchain community bitfwd to host workshops, build open source tools, and help advance decentralized solutions.

  • 02/15/2019 — Loopring co-hosts a DEX meetup in Sydney with HaymarketHQ and Next Genius Community to discuss all things DEX, and the Loopring landscape.

  • 02/15/2019 — Dolomite Bi-Weekly Update

  • 02/19/2019 — Loopring (LRC) is now on ZILLA WalletZILLA makes it easy to get blockchain event tickets with LRC and manage crypto assets all in one App.

  • 02/22/2019 — The Loopring Long Term Incentive Program begins the allowed withdrawal phase.

  • 02/27/2019 — Loopring BD director, Matthew, is interviewed by Elastum, a gateway to enter crypto market with fiat, and shares thoughts regarding Loopring’s past, present and future.

  • 02/27/2019 — Loopring continues work with Polymath to further peer-to-peer trading of security tokens on a decentralized exchange.

Coming up this month, you can find Loopring around Hong Kong Blockchain Week, EthCC, ETHParis, and ETHUofT (University of Toronto). Reach out if you’re around! We will sponsor ETHUofT hackathon on March 8–10. Stay tuned for our imminent project request and prize!

Kriptomat will host a live video AMA with Loopring’s Matthew Finestone on March 7th.


To stay up-to-date with Loopring, please sign up for Loopring’s Bi-Weekly Update, and find us here:

⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ StackOverflow: stackoverflow.com/c/loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)

Loopring Bi-Weekly Update — 02/02/2019

Due to the Chinese New Year holidays, our next bi-weekly update will be released on March 3rd. Happy and healthy holidays to all celebrating!

This post was originally published on our blog on Feb 2, 2019.

Protocol 2.0

In Protocol development, we have implemented, deployed and tested the ST20 security token standard, that of Polymath, on Ethereum mainnet. It’s a relatively simple version of a security token, and a precursor to the ERC1400 standard which we have also implemented support for.

Besides that, we have continued working with the Dora team on order matching on our application-specific sidechain and integration tests.

We have also further specified Protocol 3.0, and begun development. We will share more information with the community on this as soon as possible. It has us extremely excited!

Relay

Lightcone (Relay 2.0)

During the last two weeks, we have continued optimizations for Relay 2.0. We have implemented line charts, customized token, trade history, order cancellation and so on. To improve the system stability, we are going to review all functionalities and workflows. We have completed review for order submission and order recovery. In addition, we have implemented test environment deployment, logging, monitoring and alerts. We have written API documents for new API endpoints. We believe that we are going to launch the Relay in production environment very soon.

Frontend & Product

iOS & Android

UP Wallet has released version 1.6.1 and 1.6.2, which focuses on optimizations for the cryptocurrency news feed section. You can now read cryptocurrency news by tokens now. At the same time, we have improved UI and updated icons in many pages. We have fixed bugs in the DEX component in the Android app, improving the app stability. Check out iOS and Android.

Operations & Marketing

  • 01/19/2019 — LRC is available to trade with zero maker fees on Ethfinex, a full-featured hybrid Ethereum exchange platform.

  • 01/22/2019 — Bithumb re-opens LRC deposit and withdrawal, great news for Loopring Korean Community.

  • 01/22/2019 — LRC is available on the eo.finance wallet. Send, receive and store LRC on their mobile, web, or browser extension wallet.

  • 01/25/2019 — LRC is available for direct euro swapping at Elastum, a simple, non-order book exchange portal.

  • 01/26/2019 — Loopring Protocol founder, Daniel Wang, hosts a Reddit AMA to answer the community’s questions.

  • 01/28/2019 — Loopring CMO Jay was invited by Ernst & Young to join a EYTech Blockchain learn and share workshop with Microsoft Startups.

  • 01/28/2019 — Loopring publishes “Update on Loopring’s Long-Term Incentive Program”, describing how to maximize earnings in the lock-up period and how to withdraw LRC tokens.

  • 01/28/2019 — Loopring CMO, Jay Zhou, and Crypto Koala hosts a video AMA to discuss the Loopring project.

  • 01/29/2019 — Loopring BD director, Matthew, attended an Ethereum Meetup in Montreal where Louis Cleroux, CEO of Timechain, showed progress on their mobile wallet, including Loopring integration.

Louis of Timechain showing Loopring mobile native DEX integration

  • 01/30/2019 — Loopring COO Johnston is interviewed by Jinse Finance, a Chinese media outlet, and shares thoughts regarding the trends of technology development.

  • 01/30/2019 — WBTC is officially live on Ethereum. Loopring is excited to be in the DAO, works amongst strong peers, and help advance the DeFi ecosystem.

Adam and Corey of Dolomite.io on The Daily Exchange


Loopring CEO and founder, Daniel Wang, has made a Chinese New Year greeting video to the Loopring community. Click to watch.


To stay up-to-date with Loopring, please sign up for Loopring’s Bi-Weekly Update, and find us here:

⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ StackOverflow: stackoverflow.com/c/loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)

Loopring Bi-Weekly Update — 01/19/2019

A busy few weeks, filled with integration work of protocol 2.0 with relay 2.0, continued research, and a few conferences in Asia and North America. We’d like to note that on Saturday, January 26th, I (Daniel) will answer a Reddit AMA. Please ask your questions now!

Protocol

During the last two weeks, we’ve been focusing on Protocol 2.0 and Relay 2.0 integration. Combined, this represents the comprehensive Loopring 2.0 system.

Besides that, we continued working with the Wanchain team and deployed the Loopring protocol smart contracts on Wanchain, allowing their community of devs to use Loopring to build cross-chain DEXs. The details of deployment can be seen on Wanscan and are:

  • Creator: 0x2902f430199397f9B320157021478016Da0F4876

  • WLRC: 0x0f2e7C0E904a525A24FF6f658053f6bA5Ce7A209

  • WETH: 0x28362cD634646620Ef2290058744f9244Bb90ED9

  • BrokerRegistry: 0xEaF0dF9A65e6B97548E2a8fcCC58cC7304Ed68f0

  • BurnRateTable: 0x58c85c107734E40Cf815A134B95318818274E8fa

  • OrderBook: 0x1db0422ba1E0dc146c7468E94f4cADaa5e6cE160

  • OrderRegistry: 0x2472365dD57a9Ef927cadafCDE39A9009A7FC1DE

  • TradeDelegate: 0xC7D59c551A8d5A937A0D5B5F1E1d7d92b81e309E

  • TradeHistory: 0x7D9A78a8d9F3c6BeE71079eB6d58aCeb0C863318

  • FeeHolder: 0x235D48e9f00A13FE9fC0bc77D203B7375d1F6AA8

  • BurnManager: 0x8Eb00a9F8211e0d157C5aB2a51f254de502f5259

  • OrderCanceller: 0xD6a133Dc18edA0974DEd37207d289Db9BeA8532e

  • RingSubmitter: 0x8a0fa3d2b2f2a80cdfaf8ad1348946417a09ec1b

We have also continued the sidechain development with the Dora team. The project has entered the final stage of development.

Relay

Lightcone (Relay 2.0)

We have completed encoding, storage and processing for Ethereum event logs. We have implemented data services for tokens and market information. We have completed optimizations for testing framework, preparing for the next integration testing.

We have completed all basic features. In the next step, we will work on Relay deployment and integration testing. After completion of this — some time after the Chinese new year, mid/late Feb— the combined 2.0 experience will be complete, and some focus will shift towards more commercial facing efforts, and, importantly, liquidity provision and market making.

Frontend & Product

iOS & Android

In iOS and Android development, we have completed optimizations for the cryptocurrency news feed section over the past two weeks. We have redesigned and implemented a UI to navigate to the news section from the home view. We have updated the layout of news list view, added news thumbnail photos, font adjustment and others.

Besides the news section, we have completed the market view using native Android SDK. The market view includes market list view, line chart, orderbook, order submission and order cancellation.

All of these features will be included in version 1.6.

Operations & Marketing

  • 01/07/2019 — LRC is listed on stealthex.io, an anonymous crypto exchange (non-order book model).

  • 01/09/2019 — Community video submitted, Talking Loopring Cryptocurrency, by SmashingBloke.

  • 01/10/2019 — Loopring, as one of the WBTC DAO members, shares our Ethereum address in the WBTC DAO: 0xd8056194369F71A98b82799132F71f34084F7660.

  • 01/11/2019 — Loopring attends World Blockchain Forum (WBF) in Shenzhen. An aggregation of many of Asia’s Blockchain experts and enthusiasts to discuss the trending topics of the blockchain industry.

Loopring @ WBF

  • 01/11/2019 — Loopring COO Johnston is interviewed by Milin Finance, a Chinese media outlet, and shares ring-matching concept.

  • 01/14/2019 — Loopring publishes the preview of Trust Framework for Fiat-Backed Stablecoin with PwC. The study focuses on the current state of stablecoins, their uses, and potential impact on the cryptocurrency and adjacent industries. Full report to be released this week.

Trust Framework For Fiat Backed Stablecoins

  • 01/14/2019 — Loopring CMO, Jay Zhou, attends the Asian Financial Forum 2019 in Hong Kong.

Loopring @ Asia Financial Forum

Dapp Market Report

  • 01/17/2019 — Loopring CEO, Daniel Wang, speaks about Loopring 2.0 and 2019 Development Roadmap in a livestream on the TokenClub app.

Daniel livestream on TokenClub

  • 01/17/2019: Loopring Director of Business Development, Matt Finestone, attends the North American Bitcoin Conference in Miami, catching up with many of our friends such as Polymath, Decred, Qtum, and Quiknode.

Loopring @ TNABC


To stay up-to-date with Loopring, please sign up for Loopring’s Bi-Weekly Update, and find us here:

⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ StackOverflow: stackoverflow.com/c/loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)

Loopring Bi-Weekly Update — 01/06/2019

Not too many updates this week, given we recently provided more comprehensive posts with the 2018 Retrospective, and 2019 Roadmap, and some details on Protocol 2.0 features.

Protocol

During the last few weeks we’ve been focusing on the development of Protocol 3.0. If you recall from our 2019 Roadmap, 3.0 represents the next step beyond the Loopring 2.0 series, and uses different, more ‘experimental’ methodology in attempt to achieve efficiencies that are orders of magnitude greater than current solutions. We’ve got some code up and running which we are using to study the behavior of our new approach for settling order rings. We are still early in the development process of 3.0 and will continue disclosing details in the coming weeks and months.

Relay

Lightcone (Relay 2.0)

Also mentioned in the Roadmap is how Relay 2.0 — Lightcone — is our top priority at the moment. Over the past two weeks, we have been improving and testing the core Relay module. We have completed optimizations for restoring the order book, updating the latest orders, along with other critical components. We have completed the testing of submitting rings to testnet. The gas consumption has also been substantially reduced. Based on this core module, we have been working on an interface for Ethereum event logs.

Frontend & Product

iOS & Android

In iOS and Android development, we have implemented a cryptocurrency news section which provides users with accurate, convenient and timely access to information, directly in-app. The news section includes three categories:

  1. Newsletter: provides Chinese and English, with users able to upvote, downvote and share newsletters.

  2. News: pertinent and leading news, with ads and unrelated information removed for improved reading experience.

  3. Blog: users can read the latest blogs and updates from Loopring directly in-app.

This new feature will be included in version 1.6, which will be available for download in one week.

Furthermore, in the Android app, we have been implementing the market view using native Android SDK. We plan to launch the new market view in version 1.7, providing a much better user experience.

Operations & Marketing

  • 12/24/2018 — To celebrate Christmas and the New Year, Loopring held a LRC LuckyDraw event on Twitter, and randomly selected 20 supporters who followed and retweeted with a reward of 10,000 LRC each.

  • 12/24/2018 — Loopring worked with 5 projects and 4 media outfits to hold an award-winning quiz on Weibo.

  • 12/26/2018 — Atomic Wallet supports LRC, a useful multi-asset wallet.

  • 12/27/2018 — Loopring protocol 2.0 completed smart contract audits by smart contract security firm SECBIT, and has been deployed and launched.

  • 12/29/2018 — Loopring looks back over the past year of developments and challenges with the “Loopring 2018 Retrospective.”

  • 1/1/2019 — Loopring publishes “Loopring 2019 Development Roadmap,” outlining the core research and development plans in 2019, broadly reflected in two buckets of innovation and focus.

  • 1/2/2019 — Loopring COO Johnston is interviewed by Milin Finance, a Chinese media outlet, and shares Loopring 2018 Retrospective and 2019 Development Roadmap.


To stay up-to-date with Loopring, please sign up for Loopring’s Bi-Weekly Update, and find us here:

⭑ Twitter: twitter.com/loopringorg
⭑ Reddit: reddit.com/r/loopringorg
⭑ Telegram: t.me/loopring_en & t.me/loopringfans (Chinese)
⭑ Discord: discord.gg/KkYccYp
⭑ StackOverflow: stackoverflow.com/c/loopring
⭑ Kakao: open.kakao.com/o/gJbSZdF (Korean)

Loading more posts…