“zk Rollups” are a recently added Ethereum feature that enables secure off-chain trading, off-chain transfers and off-chain voting. Discovered Loopring myself when Vitalik tweeted about them. Related Medium post: https://medium.com/matter-labs/optimistic-vs-zk-rollup-deep-dive-ea141e71e075
Hoping to join in the DeFi craze, Loopring added YFI & CRV trading: https://twitter.com/loopringorg/status/1296172938153074688?s=20
Why post here?
- Non-custodial, secure, permissionless, fast and private is the future of exchanges. zkRollups made that happen.
- Saves lots of money, vs on-chain gas fees trading YFI.
- No trading needed. You can use them to transfer YFI tokens between parties, saving gas.
C1. Loopring is brand new, and therefore a ghost town; the order books are bare.
C2. zk Rollups are a new thing, and users don’t understand them yet.
Disclosures: I do not own any LRC tokens or Loopring equity. Just trying to signal-boost good technology that saves money in gas costs (and just added a YFI integration).