Some fresh new Loophead NFTs were just minted and sent out t | Loopring en Binance Square

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Some fresh new Loophead NFTs were just minted and sent out to Loopring ambassadors from Q3/2024💙
Get active in the Loopring ecosystem for your chance to win one for yourself - read more here:
🌐→

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We've made a couple big decentralization improvements in the Loopring ecosystem over this past quarter💙 Take a look 🧵👇 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. All of this plus many other updates we made are part of our overall, long-term strategy to focus on the new Multi-Network Loopring DeFi effort as well as making the Loopring mobile app as user friendly as possible with our Multi-Network rollout. If we want our products to be adopted by large amounts of users across every network, we need them to be as scalable, decentralized and robust as possible with maximum uptime and little to no dependencies on any centralized services. Read about all of this and more in our recently published Q3/2024 Update blog here:

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Our Q3/2024 Update is here☕️ Highlights: 🔹Loopring is now Multi-Network with Loopring L3 🔹Loopring DeFi is NOW LIVE on taiko Coming: 🔹promotional campaigns for Loopring DeFi 🔹ecosystem decentralization 🔹product improvements 🔹easy bridging 👇👇

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One of the unique DeFi products inside the new Loopring DeFi DApp is the Portal: 🔹trade ETH or *non-ETH* based tokens 🔹long or short with up to 10x leverage 🔹execution with deep CEX liquidity Check out this TUTORIAL on how to use the new Portal - NOW LIVE on @taikoxyz💙

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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.

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Congratulations to @EthJuniper who has been voted in by the community as Q3/2024's #L2Looper💙 This role rewards Loopring ecosystem participants with a Loophead NFT for their contributions to helping grow the community - stay tuned for another chance to win at the end of this quarter🏆

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