Daily Quota
Add another layer of security to your assets by setting up a daily quota
Last updated
Add another layer of security to your assets by setting up a daily quota
Last updated
The daily quota is used to set a limit for the maximum value of your tokens that can be transferred within a 24-hour period. Using this feature will help protect your digital assets in the unfortunate event that your wallet is compromised. Each Loopring Smart Wallet app is initially set up without a quota. Use the instructions below to change your settings.
Note: The daily quota also applies to deposits between the wallet’s L1 and L2.
The Loopring Smart Wallet currently only allows the limit to be set using ETH. With a minimum of 1 ETH.
Changing your daily quota requires making changes to your Loopring Smart Wallet which is a Layer 1 (L1) smart contract.
Any Layer 2 (L2) token can be used as long as your preferences are set that way. Even your referral points if you have enough of them! To change your fee preferences, navigate to: Profile > Settings > Fee Preference
Once the process is done, it is now submitted to the Ethereum network. It will normally take ~24 hours for the quota implementation.
