This article was first published on Loopring Protocol - Medium
Loopring Bi-Weekly Update — 03/16/2019
We published the design of a new auction-based trading protocol, scheduled an LRC token contract upgrade, and made substantial progress in Loopring Protocol 3.0.
Research & Development
We have made significant progress in Loopring Protocol 3.0’s development. The current plan is to open source our GitHub repository by the end of April with a whitepaper dedicated to this new major upgrade.
We have also published an auction-based protocol design called Oedax (Open-End Dutch Auction Exchange). Oedax is complementary to order-based trading protocols including Loopring and will be used by the Loopring Protocol 2.0 to automate the fee-burning feature. Oedax will be open-sourced in Q2, 2019. If you are interested in developing Oedax on infrastructures other than Ethereum, please reach out to us.
We have prepared and scheduled an upgrade to our current LRC token smart contract on May 8th, 2019. After the upgrade, LRC’s total/max supply will gradually decrease according to network usage.
In the near future, the fee-burning design in v2, the Oedax protocol, and the new LRC token contract will seamlessly work together and fundamentally change Loopring. Loopring Protocol 3.0 will open a new door for scaling DEXs.
The Lightcone relayer backend is code-complete. We are performing integration testing and refactoring some unit tests. The testing will last for as long as it requires, but we are trying our very best to launch a beta internally in one month. In the meanwhile, we are also documenting the new APIs for our ecosystem partners.
The Lightcone relayer will be open sourced to select partners and will be available as cloud-based API services for DEXs, wallets, and market makers. It will effectively be Matching-as-a-Service for any non-custodial trading needs. If you are interested to get early access to Lightcone, please contact our operation team at service@loopring....
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Loopring Protocol - Medium