Hey all
I want to send eth to my loopring L1 wallet to transfer it to the L2 wallet. I used the Gamestop wallet to transfer other eth to L2 before. Now that i want to activate my L1 eth wallet it would cost me $42, it also says something about contract upgrade awaiting guardian approval. What am i supposed to do to be able to send ETH to my L1 wallet?
Hey 👋
So dealing with layer 1 eth will cost more than layer 2, got to wait for gas to be low. Currently 38, and upto 50 gwei. Best wait for 15 to 20 or lower.
https://etherscan.io/gastracker
When gas is low, it will cost a lot less to activate and once activated, you can upgrade contract. Contract upgrade doesn’t need to occur right away.
Contract upgrade is so loopring can push advanced features in future, think security upgrades, maybe ens transfer, or other special wallet features.
Very 2.3.0 Contract upgrade is pay once, and enjoy upgrades for free forever after that.
*to get gas low, people often wait to sunday AM.
Thank you for the info, I’m going to try to do this sunday
Where are you sending the Loopring L1 from?
Because if it’s an exchange (Binance, Coinbase, etc.), you can use layerswap.io to send directly to L2 for a lot cheaper than a L1 Transaction + converting L1 to L2 (both will required an L1 gas fee).