Read on Twitter
1/ Formal Verification's latest 'In The Network' research is out where we dive deep on @loopringorg. Some of our findings below
https://formalverification.substack.com/p/in-the-network-loopring
@daniel_loopring @finestonematt @CamiRusso @RyanSAdams
https://formalverification.substack.com/p/in-the-network-loopring
@daniel_loopring @finestonematt @CamiRusso @RyanSAdams
2/ $LRC continues to increase with ~140m $LRC total staked in staking pool contract (10% of the total supply) This translates to ~$6m in value locked. Bulk of inflows come from the team who committed the team supply allocation and developer funds @daniel_loopring @finestonematt
3/ $LRC can be staked for protocol fees and $ZRX can be staked to receive fees accumulated by MMs on @0xProject. Comparing the stake ratio between networks, @loopringorg staking participation is rather distinct to @0xProject which has a <2% stake ratio
4/ Comparing @loopringorg Exchange volume to @0xProject (off-chain order book model) and @KyberNetwork @UniswapProtocol (leading pooled liquidity venues), it has ~2% of the combined volume. It will be interesting to see how this may change with their API and smart wallet release
5/ @loopringorg Exchange balance (USD) is still low at ~$5m. This is a chicken/egg problem for Loopring -
Loopring’s model becomes more efficient with increased usage due to tx batching. DEX operators pay the ultimate cost, not the users - high usage is key for operator survival
Loopring’s model becomes more efficient with increased usage due to tx batching. DEX operators pay the ultimate cost, not the users - high usage is key for operator survival
6/ @loopringorg operators are incentivised to batch as many txs/block. In March, the majority of trade block sizes were largely 128 (~13% of upper limit 1024). Positively, there is now greater variance in block sizes with 256/512 starting to take up ~20% of total blocks committed
7/ Find out more about Formal Verification research https://formalverification.substack.com/about
https://formalverification.substack.com/about
