LRC Staking Is Now Live Loopring

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

The Loopring team announced via a Medium post on Tuesday that LRC Staking is now available on Loopring.

The Loopring team announced via a Medium post on Tuesday that LRC Staking is now available on Loopring. The staking feature allows users to earn rewards by locking up their LRC tokens.

The team added that staking is now available via its web app or via its iOS and Android mobile app, Loopring Wallet. The LRC staking mechanism offers users the flexibility to stake or unstake their tokens at any time. However, to be eligible for staking rewards, users must lock their LRC tokens for a period of 90 days.

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 more than 4% today and is trading at $0.3569 at press time.

Author

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.