We've made a couple big decentralization improvements in the Loopring ecosystem over this past quarter💙
Let's dig in🧵👇
1) Trustless Guardian Interactions :
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.