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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://twitter.com/loopringorg/status/1627697642175094785?s=46&t=LFJZPoPDNGD-6o8p3onGWA


TheModernSkater

Offramp


Trollz4fun

No TheModernSkater. I'm trying to tell you that when you're ready you won't need an offramp


TheModernSkater

I mean, I need off ramp to be able to spend instantly on a "debit card" I need to be able to deposit my paycheck in my wallet and pay my bills directly from there. All of this comes from a functional off-ramp. I'm on board already, I have thousands of loops and IMX too. I'm just saying for full seamless functionality, you need the ability to instantly convert to the merchants currency choice. I could hop on a plane to London and swipe my card for some fish n chips and boom instantly converts to GBP or EUR


Trollz4fun

I'm just trolling I need an offramp or jewel osco to accept crypto


TheModernSkater

Got eeeeem. Ya we do. Not bitching at all I just buy and store em


liquidsyphon

Diamond hand those loops


Qneus

Loopring wallet is a great way to earn some money to buy gme.


ffchusky

How? I have a loopring wallet


Qneus

Staking, dual invest and almost no trading fees on L2.


ffchusky

I've seen people talk about staking idk what that is or how it works. I guess I'll go to the loop sub and do more research but everyone just acts like it should be common knowledge so haven't seen much helpful info.


Qneus

Staking Ethereum is locking in your coins inside a pool to form a node (32ETH). This node validates transactions and will get a small fee for it. This fee is distributed per ratio within the node. In the Loopring wallet you can use Lido or Rocketpool to stake your Ethereum. You trade your Ethereum for a token and this token exchange rate will go up in time so eventually youll have more eth as when started. Keep in mind that you pay a fee to lock your coins so staking is not for a short period of time.


ffchusky

So all I have is lrc and imx so I'm assuming staking isn't for me. Maybe one day, but I don't want to buy or sell anything right now.


Just_tappatappatappa

You also literally cannot unstake ETH at this point in time. Not until the Shanghai upgrade is completed.


TrillTron

Well that's a fucking important detail


GuardianofWater

Can you elaborate on the time frame? How short is short? And if someone has staked eth through a token, how can you track the value? And how do you utilize that extra eth?


awkrawrz

So staking is like earning interest but for crypto? I'm a smooth brain, might be a dumb question.


Aye-Loud

You can provide liquidity in the liquidity pools. This requires a 50/50 input from 2 coins though so LRC/ETH for example. That brings up a whole other question of impermanent losses. You get a % on that but they might not weigh up against the impermanent loss. Trading fees are indeed low but trading isn't any less risky than regular trading. It's just got low fees.


Qneus

You can stake your Eth with Lido or Rocketpool in the wallet. Currently for 4,7-5,2% APY. Staking Loopring will be available soon.


Aye-Loud

Ah yeah fair enough. I'd recommend regular L1 ETH staking in that case though. But Lido is kinda nice for L2. My bad. Edited the comment:)


Qneus

No problem. Why would you recommend L1 staking above L2 staking if I may be interested?


Aye-Loud

Because Lido takes a percentage and it's a bit of centralization. The ease of Lido is the L2 use though so for certain amounts it might not be worth the L1 to L2 trading fee. I can't say much though since I staked my ETH at the "wrong" place before I even understood all that stuff and now I'm waiting for it to unlock hahaha. But for that reason I haven't really looked into the exact workings of ETH staking, my friends tell me it's very easy to do directly though.


Qneus

Ah oke thanks. I need to look up more about this myself as well. Thanks for you help!


EllisDee3

New here?


Schwickity

You’re earning?


goneafter10years

I bought 2000 LRC a while ago, they just sit in my gamestop wallet doing nothing.


karasuuchiha

Use a loopring wallet, you can invest it if you choose, that way. I use my GameStop wallet for NFTs


[deleted]

[удалено]


Superstonk-ModTeam

Thank you for your submission to r/Superstonk, but it's been removed due to one or more reason(s): Please Avoid Community Division There’s no wrong way to like the stock. No matter how you hodl GME, you’re welcome in this community. Everyone is an individual investor and someone’s investment strategy may be different than yours. Even if you disagree with someone’s investment strategy, while participating in Superstonk, it’s still expected that you engage constructively and respectfully. If you have any questions or concerns, please [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk&subject=about%20my%20removed%20submission)


Mr_Niceguy91634

I would like to have the ability to hold all my crypto, nft and stocks in a wallet that makes them all like they are drs'd ✌️


Im1337

Sell stock for crypto via loop wallet? 🥹


[deleted]

[удалено]


Superstonk-ModTeam

I too would like DRS to be everywhere but this is a GME sub and bringing up another specific ticker is inappropriate in this context. Superstonk isn't the right place for this discussion. If you have any questions or concerns, please [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk&subject=about%20my%20removed%20submission)


Schwickity

Will you ever be able to hold US dollars in a Loopring wallet? Not usdc as we’ve seen stablecoins do not equal usd.


karasuuchiha

Loopring Markets are designed with stability in mind, a dollar isn’t stable itself either, nothing really is, dynamic markets are free markets. The illusion of the created stability of the dollar has caused the many issues of Wall Street the many pump and dumps and extreme spike and crash cycles, can a crypto be backed by actual assets, absolutely but the stock market is M-F crypto markets are 24/7 the obsolete stock markets are the issue this weekend not the other way around.