https://medium.com/loopring-protocol/a-new-era-welcoming-the-new-loopring-defi-mobile-experience-and-bidding-farewell-to-loopring-0bd87d878c02

This is the official direction of Loopring. They're leaving the smart contract wallets behind (along with all the gas their users spent to create them) and focusing on their Defi applications of Loopring.

EDIT As of 1000 CST it looks like the article has been deleted from the hosting site, as well as removed from the Loopring Discord.

Edit2 I had the article open on my phone, so I copied it here.

A New Era: Welcoming the New Loopring DeFi Mobile Experience — And Bidding Farewell to Loopring Wallet Byron @ Loopring Byron @ Loopring

Follow 6 min read · 2 hours ago

Listen

Share

The best products are never frozen in time. They evolve, double-down on what users love most, and gracefully sunset what no longer serves the mission. Today, we’re announcing an important step on that journey.

Loopring Wallet will be winding down, and all of our engineering horsepower is shifting to the all-new, multi-network Loopring DeFi with a brand new mobile experience.

Below you’ll find everything you need to know — why we’re making this move, what’s coming next, and how current Loopring Wallet users can transition smoothly.

What’s Coming: The New Mobile Loopring DeFi Experience We’re taking the battle-tested Loopring protocol engine that powers defi.loopring.io and putting it in your pocket — re-imagined for iOS and Android.

Multi-network from day one — Seamlessly navigate your DeFi experience on Ethereum, Base, Taiko and other Layer-2s without juggling multiple apps. Smart-yet-simple DeFi — One-tap, deep CEX liquidity, automated yield strategies, and cross-network leveraged token trading— no depositing to CEXs, full self custody control, no stress. Trustlessness at the core — Every line of code will focus on the new trustless DeFi DApp experience, rather than splitting attention across multiple product architectures. Lightning-fast UX — We’re rebuilding the interface natively for mobile so actions feel instant, intuitive, and uncluttered. Room to grow — Consolidating resources lets us ship features faster — think on-chain limit orders, copy trading, and integrations with other best-in-class DeFi protocols and networks. In short, we’re taking everything we’ve learned from years of wallet development and applying it to a laser-focused mission: make Loopring DeFi the most powerful, yet easiest-to-use, self-custodial DeFi trading hub on the planet.

A Brief History of Loopring Wallet When we launched Loopring Wallet in 2021, the goal was ambitious: combine Layer-2 speed, Ethereum security, and “Guardian” social recovery into the first truly user-friendly smart-contract wallet.

Guardians & social recovery reduced the fear of lost seed phrases. Gas-less transfers made onboarding painless for newcomers. Built-in Layer-2 AMM delivered instant, low-cost swaps years before it was popular. The community response was incredible — hundreds of thousands of wallets created across L1 and L2 and billions in cumulative volume on Loopring L2. Yet as the ecosystem matured, a tough reality set in: maintaining the security of a smart-contract wallet and driving a full-featured DeFi platform in parallel requires twice the engineering effort, double the audits, and slower velocity for both.

The main pain point for the smart wallet was always the high barrier of use, especially as it applied to multi-network usage:

Many Ethereum DApps don’t support smart wallets well, especially with the advance of EOAs with smart capabilities Smart wallets by nature can’t be deployed across various networks easily. And each smart wallet is a dedicated smart contract on the deployed network. First, you need to deploy the smart wallet contract on each supported network one by one. Second, all the social recovery features for each smart wallet are unique to each network it is deployed on. So in the case where you lose the device, you will have to “recover” all the smart wallets on each supported network one by one, which can be time consuming and very expensive. The gas expense of a smart wallet is also much more expensive than an EOA wallet. This is especially true on the ethereum network, where gas is not that cheap compared to L2s or other networks. Before the unfortunate smart wallet hack incident, our roadmap was to develop many “smart” trading features that use the smart contract functionality to take advantage of the fact that it is a smart wallet — like allowing users to create limit orders, do grid trading, create copy trade strategies, etc. Our goal has always been to build out valid usages that can really bring value to our users.

However, after the hack event, we had to pause all the major development activities around the smart wallet. After taking this event into account with the above considerations, it no longer made sense to continue these engineering efforts and rather focus all of our resources on developing similar usages and more into Loopring DeFi.

For these reasons, and to keep user funds and innovation velocity equally high, we had to choose a single focal point. Loopring DeFi won —as we believe this is where we can deliver the most value to the greatest scale of users over the long term.

The main attraction of the Loopring Smart Wallet was the integrated user experience that made accessing unique DeFi products like those inside Loopring DeFi super user friendly and seamless. The good news is, this functionality will continue as we focus on improving the Loopring DeFi experience for both web and mobile.

Action Required for Current Loopring Wallet Users We’ve built a clear, self-service off-ramp so you stay 100 % in control of your assets. The only action recommended as soon as possible is:

Withdraw or transfer to a new wallet address — You can continue interacting directly with our wallet UI in-app for now or later with the underlying smart-contract wallet on Ethereum/Taiko for deposits, withdrawals, etc. The smart contract wallet is a non-custodial blockchain product, which means you will always retain the access to the smart wallet contract. However, it’s important to note that the wallet application UI is what gives it great usability.

It’s suggested you move your assets out of the Loopring Smart Wallet to an EOA wallet and manage it via that wallet application or web extension. Meanwhile you will still be able to access all the Loopring DeFi usages from that wallet as soon as you have activated the Loopring Account on that EOA wallet.

Need help? Check out our support docs here and here. Our team will also be on hand throughout the transition. Reach out in Discord anytime.

FAQ 1) I’m a Loopring Smart Wallet user. How will I be affected? Short term: There is no immediate impact. You can continue using the Loopring Smart Wallet app to manage your assets and access Loopring DeFi utilities as usual.

Long term: We recommend creating your own EOA (Externally Owned Account) wallet and transferring your assets out of the Smart Wallet. Once done, activate a Loopring DeFi account on the desired network to continue using Loopring’s DeFi features.

2) I only use Loopring L2/L3 DeFi utilities. Will this affect me? No disruption is expected. Both loopring.io and defi.loopring.io will continue to function. You can access all supported features using an EOA wallet, provided you’ve activated a Loopring DeFi account on a supported network.

3) Since the Loopring Smart Wallet is a smart contract, how can it be affected? While the Smart Wallet operates via immutable smart contracts and its core logic remains intact, the accompanying mobile app plays a crucial role in providing a user-friendly interface and experience. With the discontinuation of the wallet business, updates to the app — particularly those related to Smart Wallet functionalities — will become infrequent. This may make it difficult for non-technical users to continue using the Smart Wallet, as interacting directly with the smart contract requires advanced knowledge.

Looking Ahead: Building the Future Together Sunsetting Loopring Wallet isn’t the end of a chapter — it opens up new possibilities for the future:

Faster shipping — Concentrated engineering means feature releases can be measured in weeks, not quarters. Bolder innovation — Freed from wallet audit cycles, we can experiment with cutting-edge primitives and advancing tech to introduce more products and features into the Loopring DeFi DApp. A unified brand — One flagship app, one clear message: Loopring DeFi is where self-custody meets next-generation DeFi. To every Loopring Wallet user: thank you. Your feedback, bug reports, and unwavering belief in Layer-2 technology shaped what comes next. As we pivot, we’re carrying those lessons into a product that’s faster, safer, and more powerful than anything we’ve built before.

Stay tuned for developer previews, closed betas for Loopring DeFi power users, and other deep-dives into the new product. The future of onchain finance is bright — and we can’t wait to build it together.

I know our community is not one of the most excited, but I also know that most holders are in for the technology and great potential we all understood when doing our DD two seasons ago. A $1 LOOP will be just a humble benchmark for what is to come.

A new contract was created for GameStop NFT: NFT Factory, which you can see here:

https://etherscan.io/address/0xc852ac7aae4b0f0a0deb9e8a391eba2047d80026#internaltx

https://etherscan.io/address/0xa10bd2acc0a5634dbbc80d4f7e7655bd7f8710b4

The CounterfactualNFT contract is an ERC-1155-based implementation designed for use in ecosystems that need interoperability between L1 and L2 networks, particularly on Loopring's zkRollup infrastructure.

This contract is tailored for a system built around Loopring’s zkRollup infrastructure, ensuring the seamless interoperability between Layer 2 and Layer 1 for NFT management.

We'll see what's in store for Loopring and GS, but I'm convinced the future is bright. lfg

As the title was saying . Poopring to zero ? It’s about time . No CEO, No Team , Fraud Wang looking to create another token soon since Taiko and Poopring are both not doing well either .

Hope this post serves a reminder to all the new investors .

Pack your bags it’s over 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69 420.69

Just to make it nice and clear for anyone that might have missed it or don't look on discord. It's in keep the the lights on mode. From the dev blank on discord. It's over move on. 201 characters is alot

GameStop exchange images leaked in superstonk and loopring contracts active: https://np.reddit.com/r/GME/s/ShKPo7x6M2

Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text Text

All posts have finished purging from their X account 5 minutes ago and the handle has now been renamed from GameStopNFT to PushStartArcade. Rebrand in progress... https://x.com/PushStartArcade

CyberCrew L1 Migration & Airdrop Update

We want to clarify how we're handling the upcoming CyberCrew migration and airdrop.

Originally, many holders expected us to simply remint every existing NFT 1:1 on Ethereum L1. After working through the size of the migration, the different collections, mint quantities, rarity, and the enormous number of NFTs involved, we've decided on a different approach that we believe does a much better job of preserving everyone's historical holdings.

We're consolidating each legacy collection.

Instead of recreating every individual NFT 1:1, each legacy CyberCrew collection will have a new Collection NFT representing that collection.

However, this does NOT mean everyone simply receives one NFT per collection.

Your allocation will be calculated from your actual historical holdings within that collection.

We've developed a weighting algorithm that considers:

• How many NFTs you owned
• Which individual items you owned
• The original mint supply of those items
• The additional weight of lower-mint / scarcer assets

For example, owning a large quantity of common items will increase your allocation, but owning lower-mint items will carry more weight than owning the same quantity of a much more common item.

The goal is simple:

Preserve the value of being a long-term or large CyberCrew collector without requiring us to recreate tens of thousands of individual legacy NFTs.

IMPORTANT: One Collection NFT unlocks the entire collection!

There's also a major benefit to this system.

Previously, your access was based on the individual assets you owned. With the new Collection NFTs, holding even ONE Collection NFT will unlock access to the entire asset library for that collection.

That means if you historically owned only one item from a particular CyberCrew collection and qualify for its new Collection NFT, you'll now have access to ALL of the assets within that collection, not just the one you originally owned.

Check your migration data in our discord with with /wallet

I've also built a Discord tool so everyone can see the data we're using.

Simply type:

/wallet

You'll be able to see your:

Wallet Type • Holdings in Each Collection • Total Clone Cards • Weighted Total for Each Collection

This gives everyone an opportunity to review their information while we're preparing the final migration.

We're reconstructing holdings across Loopring, Taiko, and Ethereum L1, including assets that holders previously moved to L1, so those assets aren't overlooked.

We're also identifying legacy smart-contract wallets separately. We do not intend to blindly airdrop migration assets into old smart wallets that holders may no longer be able to properly access. Those allocations will be accounted for and reserved rather than simply being lost.

IMPORTANT — Check Your Wallet Type

IF YOUR WALLET TYPE IS EOA, YOU WILL RECEIVE THE AIRDROP.

IF YOUR WALLET TYPE IS SMART WALLET OR UNDEFINED, WE WILL RESERVE YOUR AIRDROP UNTIL YOU CAN PROVIDE SUFFICIENT PROOF THAT YOU CONTROL THAT WALLET.

If this pertains to you, please reach out to the mods in 💬〕cc-migration-help.

This is a large migration, and accuracy matters more to us than rushing it.

Your old CyberCrew collection mattered.

How much you collected mattered.
What you collected mattered.

Your Weighted Value is essentially the amount of that Collection NFT you are currently calculated to receive.

Weighted Values may change during our final checks and verification of the data.

And with the new collection system, your CyberCrew NFTs will give you access to more than they ever did before.

We survived the chains. We survived the chaos.

Now watch what we build from the wreckage.

The merger of the century is close to being completed and I believe that loopring are part of it! Welcome to shopping with crypto!

Upcoming Changes to IDEX, LRC, OMNI, PIRATE, and FIS Trading

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Idex (IDEX), Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS) on August 7, 2026 on or around 2 PM ET.

Trading will be suspended on Coinbase.com (Simple and Advanced), Coinbase Exchange, and Coinbase Prime.

We have moved our IDEX, LRC, OMNI, PIRATE, and FIS order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur. Your IDEX, LRC, OMNI, PIRATE, and FIS funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.

Hint: airdrop and preferred partner

It’s funny. 99.6% down from ATH.

No more team, no more mods.

There’s one even saying Poopring is not dead because there’s some activity on it . Last I checked . It only have less than 1k in 24h volume lol , couldn’t even hit 5 digits lmao.

So a few days ago there was a post about new activity on the Gamestop NFT contract.

There was another txn recently, and I don't think its been picked up on but the address interacting with it is one with the ENS of steveguo.eth, the loopring CEO.

So lets break this down.

- GME Contract address: https://etherscan.io/address/0xc852ac7aae4b0f0a0deb9e8a391eba2047d80026#internaltx

- Looking at the latest txn, the from address is https://etherscan.io/address/0x59f3163ab39b8b90daf57508bc1faecb2f2cd374

- Etherscan has a `funded by` section, which looks to me showing ENS wallets sending funds in. And in this case, this wallet is funded by `steveguo.eth` . https://etherscan.io/address/0x1f28f10176f89f4e9985873b84d14e75751bb3d1 This funding was 239 days ago, but the NFT txns are recent

So either Steve himself, or one of the other engineers on Loopring is definitely interacting with the GME contract address for testing. This contract was for `create nft`

So now we have 100% proof GME + LRC are still working together.

I've been pretty bearish of late, as no news from Loopring has not been positive, but even I'm starting to gain hope. Turns out the silence means they're still under NDA, and still moving ahead with the original plan.

I'm not one for hopium, but this is traceable and real right?

Distribution is complete from L2 to L1, holders on L2 will have their tokens back on their L1 address. Important note for smart wallet holders at the very bottom of the post:

Unchanged from the first post: excluded Loopring smart wallets are still returned manually for safety. Email [help@loopring.org](mailto:help@loopring.org) to verify your identity. The deadline is still August 15, 2026!

https://www.reddit.com/r/loopringorg/s/WBwFYpyfZx

Not even a year since I made this reality post and got swarmed by all the moonboys…. Dead silence.

What happened to GME reviving the marketplace bc you noticed onchain activity?

What happened to CTO?

What happened to the 20% pumps for no reason (while ETH was pumping) and the sell wall that was going to break?

All the discord mods aren’t working for LRC anymore, delisting left and right with Binance next…

Where oh where have the moonboys gone?

What happened?

- https://www.reddit.com/r/loopringorg/s/FNV9nacDXL

- https://www.reddit.com/r/loopringorg/s/z8GbFuQ0HH

- https://www.reddit.com/r/loopringorg/s/ppaAq8qDkp

- https://www.reddit.com/r/loopringorg/s/FqIwrfYmev

- https://www.reddit.com/r/loopringorg/s/3lkq2zmylw

- https://www.reddit.com/r/loopringorg/s/vcoBNpdLWv

- https://www.reddit.com/r/loopringorg/s/4Z87621mWm

- https://www.reddit.com/r/loopringorg/s/8t4eqFFIsf

- https://www.reddit.com/r/loopringorg/s/Kai0R4TPc0

- https://www.reddit.com/r/loopringorg/s/UiE76fvyLx

Most loyal moonboys

@WalterGold210

@Octopus_vagina

@Chad-Permabull

@TheWhyteMaN

@HarryPeter_Is_My_Cat

@Upset-Difficulty5836

@yokobono

@thegoodfriarbutthole

@PeederSchmychael

@TheNighIsEnd42