Base Token | The target token to trade. For example, in the LRC-ETH trading pair, LRC is referred to as the base token. |
DEX | Decentralized Exchange - An exchange that uses self-custodial wallets ensuring each person retains their assets at all times. |
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. |
Off-chain Requests | User requests are sent to the Loopring Exchange using Loopring's API. |
On-chain Requests | User requests are sent to the Loopring Exchange through Ethereum transactions. |
Quote Token | The token to quote price. For example, in the LRC-ETH trading pair, ETH is referred to as the quote token. |
Relayer | Loopring Exchange's backend system that handles order matching and settlement, deposits, withdrawals, Zero-Knowledge Proof generation, etc. |
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 |
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. |
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