L2²

Basics

• From the announcement (15-12-2020):

"L2 exchanges Loopring & DeversiFi have joined forces to establish the industry's first L2-specific committee & working-group aptly titled L2 Squared (or L2² for short). Symbolising the launch of L2², Loopring & DeversiFi have also conducted a token swap, swapping LRC & NEC respectively."

Roadmap

• From the announcement (15-12-2020):

1. "Education of Ethereum users and traders about the advantages of Layer-2 systems and Zero Knowledge proofs. The complexity of the technology can stifle adoption unless there is both comprehensible educational content and advocacy by trusted figures.
2. Technical solutions and standards for composability between Layer-1 to Layer-2. Bridging the two worlds is a necessary stage and will accelerate our aforementioned goals. Enhanced composability will make Layer-2 DeFi a more powerful and efficient environment.
3. Developing and agreeing standards for composability and movement of funds between Layer-2 systems. With a growing number of dissimilar L2 technologies, it is paramount we establish a standard to allow easy communication between respective systems and reduce switching costs. The end-goal is easy capital transfer between two L2 dapps.
4. Jointly pushing for increased wallet support for Layer-2. More wallets, more users, more choice, more fun."

Members, Funding, Partners

Members

• Founding members were Loopring and DeversiFi.