WePiggy and Loopring Achieve Strategic Cooperation to Jointly Build the Layer 2 Ecosystem of Ethereum!
We are proud to announce that the WePiggy lending protocol builds a strategic partnership with Loopring, the industry’s leading high-performance decentralized exchange protocol.
The two parties will strengthen technical exchanges in Ethereum scaling technology, zkRollup, etc., and at the same time actively promote the implementation of cross-chain/cross-layer circulation, exchanging, financial management, lending and liquidity building of various high-quality crypto assets in the future, and jointly build the layer 2 ecosystem of Ethereum.
WePiggy focuses on building an open-source, non-custodial crypto asset lending protocol to help users realize asset appreciation and maximum capital utilization in many blockchain networks. Meanwhile, it is currently covering Ethereum, OKExChain, Binance Smart Chain, Huobi Eco Chain, as well as Arbitrum and Optimism and other emerging public chains and layer 2 networks as planned.
Loopring is the first zkRollup-based Layer 2 scaling exchange protocol on Ethereum. With the Loopring protocol, DeFi users do not have to make a choice between security and performance. On the premise of ensuring Ethereum-level security, Loopring’s layer 2 scaling technology also provides uers with low-cost, fast transaction and transfer experience.
“With the goal of prioritizing the safety of user funds, we have been actively working to create a richer lending market, optimize the execution efficiency of smart contracts, and expand our business scope.” said Ron, the leader of WePiggy core development team. “On the one hand, the launch of the LRC lending market will help to expand the scale of high-quality assets of the WePiggy lending protocol on the Ethereum mainnet. On the other hand, it will also empower the LRC token with borrowing capacity, meet the borrowing needs of the Loopring community.
“The Loopring team aims to provide a secure trading infrastructure for the entire ecosystem, and provide users with a safe, high-performance, and low-cost transaction experience.” Loopring founder Daniel Wang said, “The LRC lending market is an important addition to the existing Loopring ecosystem and further expands the LRC’s application scenarios. Hope this cooperation with WePiggy can bring a better user experience.”
The strategic cooperation between the two parties can effectively reduce network usage costs for users, increase the application scenarios of their assets, realize technical exchanges and sharing between communities, and lay a good foundation for future cross-chain/cross-layer ecological construction.
Loopring Protocol is a high-performance decentralized trading protocol built on Ethereum. Loopring Protocol hopes to provide a secure trading infrastructure for the entire ecosystem, enhance the trading experience of crypto asset holders, and improve the development of the new generation of financial systems. Loopring Protocol firmly believes that the layer 2 scaling solutions of Ethereum (especially zkRollups) is the future.
WePiggy is an open-source, non-custodial, crypto asset lending market protocol. In WePiggy’s market, users can deposit their crypto assets to earn interest, or borrow other crypto assets by paying interest. WePiggy aims to spread the benefits of cryptocurrency’s freedom and transparency to the widest possible user community in a more friendly and simple way, as well as be a good partner for them in wealth management. WePiggy will do the best to provide you with a safe, stable, and efficient DeFi lending market.