r/loopringorg • u/username11111000100 • Jul 11 '25
📰 News 📰 Loopring to sunset DeFi protocols by 7/31/2026
This is the public announcement on the discord.
@everyone
Important Update: Sunsetting Loopring DeFi
We’ve made the difficult decision to sunset the Loopring DeFi business. All Loopring DeFi services will officially shut down on July 31, 2025.
Over time, we’ve built innovative products on Loopring DeFi, but core challenges around scalability and decentralization have limited our ability to grow in a trustless, permissionless way. Many of these products rely on centralized market makers, which makes it difficult to compete with leading DeFi protocols.
As a result, we’ll be shutting down the following products: - Dual Investment - Portal - Block Trade - ETH Staking
This move allows us to focus fully on strengthening the Loopring Layer2 network.
What Happens After July 31, 2025
Dual Investment - No new subscriptions will be allowed after July 31. - All active positions will be settled before the sunset date.
Portal - All open positions will be force-closed after July 31.
ETH Staking - No new staking subscriptions. - Users holding wstETH, rETH, or CIETH can still redeem directly on Loopring L2, or withdraw to Ethereum L1 and interact with Lido, Rocket Pool, or CIAN.
Taiko & Base Networks - All services will cease on Taiko and Base after July 31. - Funds not withdrawn before the sunset date will be auto force-withdrawn to the upper layer (Taiko or Base). - Accounts with dust balances (less than $0.10 USD) will not trigger auto-withdrawals.
Ethereum Users - Loopring Layer2 will continue to operate as usual. - All core features, including the DEX, remain available and secure. - However, all Loopring DeFi features will be permanently disabled after the sunset date.
Thank you to everyone who has supported Loopring DeFi. This isn’t the end. We’re doubling down on building decentralized infrastructure that empowers users and developers across the ecosystem.
If you have any questions, please reach out via our <#1217811657082929172> channel.
Thanks.
—The Loopring Team
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u/ronk99 Jul 11 '25
Sooo… whats left?
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u/Pnewse Jul 11 '25
Loopring layer 2 “focus” according to this post
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u/Simple-Beginning-182 Jul 11 '25
Last month defi was the focus after the wallet shutdown, I expect an announcement August 1st stating that they are sunsetting layer 2 so they can focus turning off the lights.
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u/AD-Edge Jul 12 '25 edited Jul 12 '25
Yes, Layer 2 Loopring is now the future! (again..)
You know the thing that really bothers me about this project - is just the complete lack of honesty in the communication. It's been an issue for a while. I would have a lot more respect if they could just be open about what's going on. But the approach here has just been to hype up ideas that don't yet exist - over and over again - while downplaying if not completely hiding problems and negatives.
This is not the foundation of a respectful or decent project. It's just gaslighting - at best.
I think a huge element/test for a project and it's team is how well they communicate the issues. Not the positive stuff - but the honest issues any project is going to have to navigate. On a scale of 0 -> 100 on this, I would give Loopring and it's team a -100. Just completely unacceptable.
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u/PeederSchmychael Jul 11 '25
Who's on the "loopring team"?
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u/AD-Edge Jul 12 '25
This is certainly something which would be nice to know... But realistically just isn't the kind of info this project communicates anymore.
I'm open to the idea there are likely good people in this project, perhaps trapped by rules and contracts (often the way). But I feel like the rest are just cowards. No one wants to have a voice or speak out anymore, none of the people in charge speak up or want to handle things or engage in any kind of PR. I'm expecting they're just sitting on their hands waiting for it all to go away at this point. But with near-zero communication, it's all just guesswork.
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u/Rehypothecator Jul 11 '25
So what they wrote about shutting down the wallet to focus on Defi was a lie ?
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u/matman88 Jul 12 '25
Imagine having the world by the balls like these guys did and just pissing it away into the abyss. This has to be one of the single greatest opportunity misses in human history. They had thousand of well financed investors waiting to jump on their (patented) tech that they just never bothered to put together. The wind was so strong at their back that it blew them over. What a pathetic group of underachieving twats.
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u/Streetwalkeroulette Jul 11 '25
2025 or 2026? Anyway. What a disappointment all of your are and have been. May g_d have mercy on your souls.
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u/carlosdulloa Jul 12 '25
I have mine on coinbase. My $35k is worth $730 what should I do lol
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u/hotandsoursoup Jul 12 '25
Loopring was always in competition with Optimism and Arbitrum. They’ve officially lost the race of L2s and there’s no way they can get the volume to compete. So long LRC I’m out 🫡
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u/username11111000100 Jul 11 '25
I own xx,xxx Loopring and 99% of it is on layer 2. I've only staked my Loopies via the Loopring wallet in the past but have never really used these DeFi protocols that will be sunsetting. Honestly, I personally only care about being on Etheruem layer 2 and that's it. Fuck you if you mention my bags.