# Daily Quota

{% hint style="info" %}
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.<br>

Note: The daily quota also applies to deposits between the wallet’s L1 and L2.
{% endhint %}

### 1. Navigate to Gear icon -> Daily Quota

{% tabs %}
{% tab title="Gear Icon" %}

<figure><img src="/files/ideo4l6Q5xPLQL3S4gNc" alt="" width="375"><figcaption></figcaption></figure>
{% endtab %}

{% tab title="Daily Quota" %}

<figure><img src="/files/g8TxnN0Z2larpFNp1c0F" alt="" width="375"><figcaption></figcaption></figure>
{% endtab %}
{% endtabs %}

### 2. Swipe Daily Quota to the on position

<figure><img src="https://lh4.googleusercontent.com/hUCjBHM9XAfhomV4YGydRUz8YasQrnKha9Z61UBERHD6vmp8huad5w_6wHGYtjJomtlibzgZb_wfzmcqECIWJEMGugulxH2Qgv89MdT89260Y22xpgiWlLAVGPoG9kC65Q" alt=""><figcaption></figcaption></figure>

### 3. Enter your limit in the Amount field.

{% hint style="warning" %}
The Loopring Smart Wallet currently only allows the limit to be set using ETH. With a minimum of 1 ETH.
{% endhint %}

<figure><img src="/files/3jWzE89HKEEUlgYwHR9f" alt=""><figcaption></figcaption></figure>

### 4. Select the method of payment you wish to use

Changing your daily quota requires making changes to your Loopring Smart Wallet which is a Layer 1 (L1) smart contract.

{% hint style="info" %}
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
{% endhint %}

<figure><img src="https://lh5.googleusercontent.com/2fkST3k79uf9Abz1nyIi7LxuQJHKNMTKdNbH9kUrs5zJ1UuFIEVgtfUHKu_xmYKA45EHp514qHfVQcL5WZbTJPl0kbt9BA2huI-b6JLkJ1mkhc1npcF1WCss66phe_nn9A" alt=""><figcaption></figcaption></figure>

### 5. Enter your password when prompted

<figure><img src="https://lh6.googleusercontent.com/RH-m0zOHec34Ess-7RO8QZDE6T23beIzZIIrgIT5RW_WPSLESd08K2QX4oXbMiaeUerUpOOBlNkTK-2yC1GPzLI7-fd3TGqLI_7K6T0tExTSxHmVifnanLmbGi6rp26KoQ" alt=""><figcaption></figcaption></figure>

{% hint style="success" %}
Once the process is done, it is now submitted to the Ethereum network. It will normally take \~24 hours for the quota implementation.
{% endhint %}


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