Glossary

DEX

Decentralized Exchange - An exchange that uses self-custodial wallets ensuring each person retains their assets at all times.

Zero-Knowledge Proofs

A method by which one party (the prover) can prove to another party (the verifier) that they know a value x, without conveying any information apart from the fact that they know the value x.

Relayer

Loopring Exchange's backend system that handles order matching and settlement, deposits, withdrawals, Zero-Knowledge Proof generation, etc.

On-chain Requests

User requests are sent to the Loopring Exchange through Ethereum transactions.

Off-chain Requests

User requests are sent to the Loopring Exchange using Loopring's API.

Base Token

The target token to trade. For example, in the LRC-ETH trading pair, LRC is referred to as the base token.

Quote Token

The token to quote price. For example, in the LRC-ETH trading pair, ETH is referred to as the quote token.

Size

The quantity of the base token in an order or a fill.

Volume

The quantity of the quote token in an order or a fill.

EdDSA

The signing algorithm is used by Loopring to sign off-chain requests. EdDSA is more circuit friendly compared to Ethereum's ECDSA algorithm.

nftData

A hash of NFT parameters: minter address, NFT type, NFT ID, token address, and more.
Last modified 2mo ago
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