Locating initial funds

If you sent at least the full amount of funds to create a wallet, then your funds were used in the following ways:

  • First, to pay the gas fees and create the wallet.

  • Second, any leftover funds after paying the gas fees are deposited to the L1 portion of your wallet.

Loopring doesn't charge you to create a wallet. The only fee to create a Loopring Smart Wallet is the gas fee, which Loopring takes no profit from. This gas fee is used to pay the Ethereum blockchain miners to process the transaction and execute the smart contract for your wallet to be created on L1. Learn more about the fees in these articles:

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