Loopring is an open protocol for building decentralized exchanges initiated by Daniel Wang. The protocol is free, extensible, and serves as a standardized building block for decentralized applications (dApps) that incorporate exchange functionality. It is operable on Ethereum and Qtum while NEO is also under construction.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.
Gemini said that this decision comes amid its efforts to support projects that redefine the boundaries of finance, gaming, and art, and offer more financial independence.
Compound (COMP), Chainlink (LINK), and Loopring (LRC) are the new additional collateral asset types to popular crypto project MakerDAO upon the community’s request.
