That block shows two transactions. Both of which deposited ETH into the respective wallets
If it is jot visually showing on MM, try refreshing it. The TX went through on chain. Internal means it was sent from a smart contract interacting with your wallet, as opposed to another wallet
You total ETH balance has also increased.
Again don’t answer DMs. Happy to help if there is more confusion
by “website app” do you mean that you have a hot wallet like MetaMask… and created a L2 account with it on loopring.io?
It is important to understand the different TYPES of wallets.
MM is what is referred to as a hot wallet as well as EOA (Externally Owned Account). You can take an EOA wallet, and create a L2 address with it
Now having the LSW on your mobile phone is a totally different wallet. There is no seed phrase (as with MM and EOA wallets). It is a smart contract actually, not just a wallet. And that smart contract has access to L2 and L1.
So it’s really up to you. If you have an EOA wallet, and you set up guardians for socia recovery… but someone find your seed phrase. They can steal your wallet. With a LSW there is no seed phrase, but you must have properly set up guardians (or cloud backup) in order to recover it.
Personally I have the phone app. I have 2 hardware wallets I use for other stuff, but they do not have a L2 wallet set up
Hope that helps
I am rich… in Spirit 🧘🏽♂️😌
(I have a professional job that pays well, but nowhere near monetarily rich)
This post was removed for shilling another sub. Brigading is not allowed
The fundamentals haven’t changed and the team has been non-stop delivering.
The devs cannot control the price. Sure marketing will help (all in good time), but exactly as you pointed out the market (who decides price) does not value the fundamentals… yet. They value rugpull L2s that launch with no testnet just yesterday 🤣…
And that’s fine. Some even argue that after PoS ethereum has STILL not been accurately valued for what the tech stack can now provide. And that’s the second largest protocol!
Try to use a dapp these days. Many protocols are even geo-blocking the US with the likes of Iran, N Korea, and Cuba! Have to use VPNs in “the most developed country in the world”… Do you think it is time for the actual value to be properly assessed and built into the price. I don’t. Not yet
But what I do see is a non-stop shipping team of devs, and a strong community (particularly in our discord, which you should consider joining) as you’ve pointed out. That is diverse, global and not common. Also consider how we have these things without the double edged sword of big VC money (and a basically fully circulated token)
To me, that’s all I need to hodl for a long time. I’m not a mod because I just want to ban people… I love being here, I love the tech, and I love the amazing humans I get to interact with every day and see what cool stuff they build.
BUT my time horizon is not common. I will never convert crypto back to fiat, in fact I don’t plan to sell anything until I can go to a grocery store in NYC and pay with ETH. With that view, I’m able to maintain my zen and remove the association of “price go up” with “is this a successful team/tech”
If you have access to coinbase -> swap to USDC -> send -> L1 exchange -> sell your USDC on CB
Locking comments. I would advise understanding how and why you do what you do in defi before getting as far as having a wallet. That includes how to close wallets and questions like this
Note this attack is only on L1. L2 does have fratures for whitelisting wallets, only allowing certain amounts to be sent etc
To build this into the app would take some resources. I could see it being useful, just a matter of time and effort. There are also other sites to research like etherscan (cannot work for smart contract wallets tho) to fully understand what is going on instead of just following a link
As usual… verify. Do not trust (even from someone official)
Thanks!
The team (and any crypto project!) will NEVER DM you first. They will also never ask for your seed phrase (which LSW doesn’t have anyways)/private key, or to sign transactions. Or give links outside of their protocols documentations (for the most part ie. reference material).
Yea what caterpillar said.
But also note that if anyone gets access to one of them, could be at risk so it now has two points of potential risk.
I have that situation after migrating to a new phone, and now I keep the old one in a safe. For my tablet I have a independent LSW
Dont answer DMs… or even post your wallet.
But yes, both phones have the key encrypted in your phone. I have a similar situation and I put the old phone in my safe and turned it off
Similarly… if someone finds that phone and accesses it, it could be a risk. So up to you
Head to our discord!
Do NOT answer DMs, or anyone not Green/dark blue. Clicking on a user’s profile pic shows their roles
Anyways others have had this issue and you can read their resolutions there, or make a new post in SUPPORT channel 😇
This has nothing to do with Loopring. There is no free lunch, someone always pays
I would update yourself on what the protocol is doing… instead of ‘will price go up’. This sub isn’t really for crypto trading and there may be other ones better suited for that
To get into the fundamentals though, I recommend the most recent post (multi-network) and the 3rd post (community call) here:
Try on the Banxa site/support email as Loopring has literally nothing to do with how they run their 3rd party service
Also… there will be a lot less fees by doing the following
Buy USDC on coinbase -> under ~$2k clears and can send instantly, no purchase fee -> wait until low gas -> send to L1, bridge to L2 for size greater than $2k (also with points it will be free) /or/ layerswap directly to L2 -> buy desired token for less fees on L1 or L2
This can also be done in reverse. People think these on-ramps are great, but to me they are just another third party, and other CEXs have already made it easy enough to do. On-ramps are still CEXs just fyi cause I hear that rebuttle a lot
U/petervancee - this is the answer. “Staking” does not mean all protocols are doing the same thing
Staking ETH is contributing to validating the chain, and getting rewarded.
Staking LRC is joining a pool that gets a % of protocol fees. The more fees generated (trading, NFTs, sending etc) the bigger the pool. So to answer your Q, it is going up because there are more fees being generated
And you’ve checked that they are not on L2?
No one can do transactions using your wallet without
As below if you approved permission, revoke it or better yet move what you have to a new fresh wallet. Did you sign any strange transactions or answer DMs before they were removed. Happy to look into it if you DM your address.
Do NOT answer DMs, and I will jot DM you first for your security
Yea if you had the GSW and plugged into their marketplace that was L2. Cheaper fees.
Bridging tokens from L2 -> L1 has a network fee associate w it (same for NFTs). So it’s possible but really up to you. Same for going from L1 -> L2.
Can also use both. Depends what your using the wallet for
Yea easier to help in discord like Barefoot said!
Contract address can be found by searching ‘Loopring Contract Address’ on the internet
Also found on etherscan, coinmarketcap, and other coin price tracking sites
https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd
https://coinmarketcap.com/currencies/loopring
It is
0xBBbbCA6A901c926F240b89EacB641d8Aec7AEafD
PS: I locked the comments to avoid scammers. More have been active in several discord channels. Feel free to join our discord for more help and community input
Make sure the address you sent to was the same wallet your talking about
Loopring is doing any special kind of depositing of ETH… so it should work like any other transaction. Perhaps you sent it to one wallet, but on MM/zapper you are logged into another?