Lighter
@Lighter_xyz
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Trade perpetuals with low costs and low latency on Ethereum L2 with custom ZK circuits for verifiable matching and liquidations. Public mainnet live.
Joined December 2022
The Lighter public mainnet is live after 8 months of private beta! Trade perpetuals with low costs and low latency on Ethereum L2 with custom ZK circuits for verifiable matching and liquidations. Experience onchain trading at the performance grade of high frequency finance.
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On chain data is not (and cannot be) modified and is on on the block explorer for those interested. But as we operate the main front end, we make decisions on presenting charts in the way most helpful to traders. Other front ends on top of Lighter can make different decisions.
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Seth Klarman avoids the spotlight—but his funding helps shape the Left’s policy machine.
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A runaway bot jammed through the HYPE book with size, there were no liquidations or other adverse effects beyond this. Low volume was traded at very high prices, leaving the wick in creates scaling issues for the chart so it was scrubbed from the front end.
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Please note that open interest is capped to $5m. Pre-launch perps carry substantial risk. Depth may be limited and market conditions can change quickly, leading to volatility and increased liquidations. Orders may partially fill and execution quality can vary during volatility.
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We’re focusing on the “Cactus Creek Book Series” of novels by Janice Cole Hopkins next! Just go to our profile page and feel free to shop from these 5 titles!
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New Pre-Launch Listing! You can now trade $MEGA with up to 3x leverage.
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Lighter went from 0 → $1B+ TVL in 9 months. When Lighter built their leading ZK-powered perp dex, they had a choice: build wallet infra or ship fast. Here's how Dynamic helped them scale quickly and securely👇
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A great discussion about the infrastructure and market actions on Lighter with Bankless! https://t.co/gb1IiEW788
LIVE NOW - How Lighter's Ethereum L2 Perp DEX Handled Liquidations 10 days after @Lighter_xyz mainnet, a $19B liquidation wave slammed crypto. We asked the founder. @vnovakovski, how Lighter, a ZK L2 Perp DEX on Ethereum was capable of handling the crash. We dig into: - ADL
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Our founder CEO @vnovakovski took questions from all comers during the session with @notthreadguy and answered questions about Lighter architecture and the recent market crash https://t.co/b6IgBxYdbp
The FULL Threadguy x Vlad Interview (with both debates) 00:00:00 - Intro 00:01:05 - How Lighter handled Friday's crash 00:05:30 - What caused the selloff 00:10:36 - Why Lighter went down 00:14:21 - LLP losses 00:22:19 - Why traders choose Lighter vs Hyperliquid 00:26:26 -
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tomorrow at 2pm pst i'll be interviewing Vlad, the founder of lighter for the last 30 minutes he's agreed to debate anyone with genuine pushback on lighter. i’ll be moderating robert chang will be debating first. we have room for 1-2 more people. who’s down?
Who are the main Lighter FUDders out there? There was the aaa guy, two guys with names starting with an L, yield farming, and who else? Mr Todd? In honor of Charlie Kirk, I would like to propose an AMA I do just with the skeptics, like what Charlie did at universities.
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Across US markets, the best time to launch a new Airbnb listing is October to January. Listings launched during these months record an average 4% uplift in their first-year occupancy. Properties launched between June and August average 1–2% lower occupancy in their first year.
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Our founder CEO @vnovakovski is answering questions about all of the above points in realtime now https://t.co/31UyeGJIg3
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Finally, five hours after the market crash and markets calmed down, the database used by the sequencer gave out (see port mortem on that from Sunday, Oct 12), and Lighter was down for 4.5 hours. Fortunately, this was not during the excessive volatility, and total trader losses
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Then, there was the market crash. This did not affect the performance of the exchange. However, LLP holders were down 5%. Even though the systems all worked as intended, we take partial responsibility here because some of the participants in LLP did not have full understanding
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CNN can be such is such a disgraceful operation from time to time. And Tapper? Well, Arnold schools him big time with the truth. h/t to @RitaPanahi Panahi and @SkyNews . However, both are missing the actual issue here. Per Grok, there are more states with zero Democrat reps to
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There were three broad categories of users affected by issues that we take responsibility for. First, there was an degraded performance of the exchange during the hours preceding the market crash on 10/10. Total losses of traders during this time approx. 25M and 150k points are
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Lighter is distributing a special drop of 250k points at this time to compensate traders affected by the events of 10/10. Details in the thread here. Season 2 drops will run on Fridays starting on October 17, the first of which will be 600k points to cover the last 2.5 weeks.
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Our founder CEO @vnovakovski will answer questions on X spaces today at 4PM ET - as we make announcements on: - compensation due to events of 10/10 - points program for Season 2 kicking off - LLP deep dive (space is live now, Vlad joins at 4 ET) https://t.co/CNIkA45zDy
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Another smaller batch of compensation will go to traders affected by the earlier degradation in performance, hours before the crash https://t.co/TwZKGuAUpr
@sbmusashi The system is having a tough time today, with TPS much higher than usual. What this means: - UI/UX is slower. The actual sequencer is still as low latency as ever, but the API layer in between that and the front end is slow (web2 type issue). - it's taking longer to generate
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Learn more about how we’re helping bring tech and aviation together – watch the video now
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The compensation for traders affected by the outage that happened the night of Oct 10 (five hours after the market crash) as well as a smaller batch of compensation of LLP holders during the crash will be distributed today, ETA 4PM EST. More details will be shared at that time
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