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DeversiFi Collabs With Loopring for Ethereum L2² Committee

DeversiFi Collabs With Loopring for Ethereum L2² Committee
  • DeversiFi has partnered with Loopring to launch a new working group called L2 Squared.
  • Following the launch, both parties have conducted LRC and NEC token swap alongside.

DeversiFi has partnered with Ethereum’s Loopring to launch its committee and a new working group called L2 Squared (L2²) in the DeFi space. This will help solve pressing issues within the Ethereum ecosystem.

Following the launch, DeversiFi and Loopring have conducted LRC and NEC token swap. Additionally, the L2 Squared launching will accelerate the firm’s establishment to layer-2. Consequently, this will increase DeFi usage as well as end-user experience.

DeversiFi Founder Will Harborne said,

I believe Layer-2 scaling systems are the solution to Ethereum’s short-term gas price challenges as well as long-term scaling.

DeversiFi and Loopring hope that the Layer-2 exchange will show significant growth in the near future. They will mainly address issues and challenges by giving education to users and traders on the advantages of Layer-2 systems and zero-knowledge proofs.

A spokesperson from Loopring also added,

Vitalik’s rollup-centric Ethereum roadmap for Eth 2 stresses the importance of layer 2 solutions not only today, but as the essential building block for scalability on Eth. Layer 2 will always be needed to take Ethereum to its full potential, and to the masses.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.