DeFi Resurgence: Loopring's Layer 3 Solution Bridges CeFi and DeFi
DeFi Resurgence: Loopring's Layer 3 Solution Bridges CeFi and DeFi
🔥 DeFi's Phoenix Moment?
The cryptocurrency industry is witnessing a resurgence of Decentralized Finance (DeFi) as the most significant product-market fit. Loopring aims to contribute to this trend with its Layer 3 DeFi offering.
Key points:
- DeFi is experiencing a comeback in the crypto industry
- Loopring's Layer 3 solution aims to scale DeFi
- The offering bridges the gap between Centralized Finance (CeFi) and DeFi
Loopring's approach could potentially address scalability issues in the DeFi space while providing a seamless connection to traditional financial systems.
To learn more about Loopring's Layer 3 DeFi solution and its potential impact on the industry, visit their official website or follow their social media channels.
Important Compatibility Notice for Coinbase Wallet Users
**Key Update for Coinbase Wallet Users** - Some Coinbase wallets are smart contract wallets, not externally owned accounts (EOAs) - Loopring L2 activation requires EOA compatibility - Certain Coinbase wallets may face compatibility issues Loopring has released new guides to assist users in transitioning to compatible wallets. Resources include asset transfer instructions and detailed migration tips. For complete information, visit the [official documentation](https://docs-wallet.loopring.io/wallet-closure/tips)
Loopring Wallet Shutdown Notice - June 30th Deadline
**Important Deadline**: Loopring Wallet will cease operations on June 30th, 2025. - Users must withdraw all assets before the deadline - After June 30th, asset recovery will require direct smart contract interaction - This affects all Loopring Wallet users **Action Required**: 1. Check wallet balances 2. Withdraw all assets before June 30th 3. Transfer to alternative wallet solutions *Note*: Similar withdrawal requirements apply to QuickSwap users on Astar zkEVM, with an April 1st, 2025 deadline. [Read full details on the blog](blog-url)
Portal Receives Major Updates for Enhanced Trading Experience
Portal, a DeFi trading platform on Ethereum, has launched significant upgrades to provide a centralized exchange-like experience while maintaining decentralized benefits. Key features: - Long/short trading capabilities - Adjustable leverage options - Access to CEX liquidity from Ethereum wallets - Trading of exclusive CEX tokens unavailable elsewhere on Ethereum The platform bridges traditional CEX functionality with DeFi security, allowing traders to access sophisticated trading tools directly from their self-custodial wallets at [Portal](https://defi.loopring.io).
Loopring DeFi Expands to Base Network
Loopring DeFi has officially launched on Base Network, marking a significant expansion beyond Ethereum. This deployment follows their recent initiative to bridge CeFi capabilities to DeFi environments while maintaining self-custody. Key developments: - Full integration with Base Network completed - Users can now access CeFi features without leaving self-custody wallets - Multi-network expansion strategy progressing as planned This launch represents a major milestone in Loopring's mission to make DeFi more accessible and efficient across multiple networks. The platform continues to receive positive user feedback while maintaining its focus on security and performance.
Loopring iOS App Returns to App Store
The Loopring Smart Wallet has officially returned to the Apple App Store, marking a significant milestone for mobile DeFi accessibility. Users now have two options for accessing Loopring DeFi on mobile: - Download the Loopring wallet and activate an L2 account with built-in DeFi features - Access the mobile-optimized [DeFi.Loopring.io](http://DeFi.Loopring.io) via web browser and connect any compatible wallet The app's return enhances the protocol's mobile-first strategy for decentralized finance.