Loopring (LRC)
Unlock Schedule
Loopring (LRC) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Loopring (LRC) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence LRC price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and standard
LRC is an ERC‑20 token on Ethereum. The token’s max total supply is a fixed amount (about 1.374 billion LRC) defined by the deployed contract. There is no ongoing mining-based issuance. (etherscan.io)
What LRC does in the protocol
Loopring’s economic model is designed so activity on Layer 2 flows value back to LRC through protocol fees and governance.
- Protocol fees: A share of network fees from swaps, trades, and certain transfers is set aside as “protocol fees.” Historically, fees were split among liquidity providers, an insurance fund, and the DAO. In 2023, after a community vote, Loopring enabled LRC staking on Layer 2 and shifted the distribution so that protocol fees are now paid primarily to AMM liquidity providers and to LRC stakers, with a portion to the Loopring DAO. (medium.com)
- Current distribution (as introduced in 2023): 45% of protocol fees to LPs in qualifying AMM pools, 45% to LRC stakers, and 10% to the Loopring DAO. DAO governance can revisit these weights over time. (medium.com)
- Fee mechanics: Fees collected in various assets are converted and disbursed on Loopring L2. Protocol-fee settings depend on transaction type (AMM swaps, order book trades, NFT activity) and are periodically reviewed via governance processes. (medium.com)
In earlier versions of the protocol, exchange operators staked LRC for reputation and safety, and a fixed burn took a portion of fees. As the design evolved toward a broader Layer 2 platform, fee-sharing moved toward liquidity providers and stakers, with the DAO empowered to direct resources (including buybacks or burns) as it sees fit. (medium.com)
Governance
Loopring is moving toward wider community control through the Loopring DAO. Token holders can vote on which AMM pools receive incentives and on other parameters that affect how the network shares value and encourages desired behavior. Voting takes place on Loopring’s Layer 2, and distributions are made on a monthly cadence. (medium.com)
Assumptions
- Total supply set to the LRC v2 contract’s Max Total Supply.
The token migrated on 2019-05-08; Etherscan shows current max supply on the v2 contract.
- Public Sale (TGE Circulating) computed residually.
Calculated as 2017-09-25 circulating supply minus known LEAF initial and mid-term balances from the official token tracker.
- Foundation & Team vesting modeled as a single 24-month linear schedule starting 2019-09-25.
Team vest details (20% vesting 1/24 monthly starting Sep 2019) are public; token tracker states all Foundation-directed tokens were locked since TGE. Without a more granular split for the remaining Foundation holdings, we conservatively align them to the same vesting window.
- LEAF additional 3.2% modeled as linear monthly from 2017-09-25 to 2021-09-25.
Token tracker states an extra 3.2% will be added to LEAF over the next four years from Sept 25, 2017; no monthly cadence provided, so we assume linear.
- No ongoing issuance (no PoW/PoS/block rewards) included.
LRC is an ERC-20 with fixed supply; staking rewards and fee distributions come from protocol fees, not new token minting.
- 1. https://loopring-org.firebaseapp.com/tokens.html
- 2. https://etherscan.io/token/0xBBbbCA6A901c926F240b89EacB641d8Aec7AEafD
- 3. https://medium.com/loopring-protocol/lrc-token-contract-upgrade-scheduled-on-may-8th-2019-beijing-time-7cd6095ed4eb
- 4. https://medium.com/loopring-protocol/loopring-2018-retrospective-b9685ce77ea8
- 5. https://medium.com/loopring-protocol/loopring-ama-recap-with-cryptoverse-c108507a3691