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Loopring Smart Wallet Contract Upgrade Is Now Live

Twitter icon  •  Published 1 year ago on September 21, 2023  •  Hassan Maishera

The Loopring team announced via X (formerly Twitter) on Wednesday that the Loopring Smart Wallet contract upgrade is now live.

Loopring Smart Wallet Contract Upgrade Is Now Live

The Loopring team announced via X (formerly Twitter) on Wednesday that the Loopring Smart Wallet contract upgrade is now live. The team said users have a chance to pay once for this upgrade, plus all future upgrades will be done at no cost.

Some of the changes in the upgrade include the resolution of the ETH/WETH wrapping issue, the resolution of L1 DApp interaction issues, and the introduction of a new proxy architecture, allowing the automatic deployment of future upgrades.

Loopring aims to build an open protocol for scalable, non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is up by 1% today and is trading at $0.1785 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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