Lighter points so scarce and sought after they're adding decimals?
Yeah not bullish enough
Perp dex summer
- .@Lighter_xyz just surpassed dYdX reaching a $317M TVL, making it the #6 biggest perp dex while still in closed beta perp dex summer
- During yesterday's flash crash, @lighter_xyz quoted the highest prices for most majors (12 out of 16) out of these four venues : binance, bybit, hyperliquid, lighter
- Public mainnet for @lighter_xyz went live today, here's a summary of recent developments (with references below): - S1 ended, you're now earning S2 points until EOY. Guidelines on how to earn pts coming out next few days - Spot markets (needed for TGE) are being built,
- Ran some numbers on how expensive it is to market buy/sell $1M notional on BTC on new perp dexes It's clear at this point that fees are *not* paid in spread for @Lighter_xyz, can long and short for ~ 0.5bps most of the time
- Intern notes from the latest @Lighter_xyz ama > There will be spaces in other languages as well. Vietnamese on the 21st, Korean on the 22nd then Chinese, Spanish and others to come > Retail users will keep paying zero fees even after private beta ends, HFT are now using a
- You can now switch between free and premium account on @Lighter_xyz ; on the last pod, Vlad said premium traders will be getting more points 👀 x.com/StayRoamer/sta…
Intern notes from the latest podcast by @vnovakovski hosted by @mablejiang: > Vlad's Story: Finished Harvard early > Citadel HFT > Other HFT endeavors> Silicon Valley (2012), worked in a couple startups (Fintech, AI) > LunchClub AI > Lighter (2022) > The idea for Lighter came - Booked flights last minute to meet with lighter's team and fellow amigos in SG Very cool bunch of people building an incredible product Sometimes you just gotta take a chance
- Fairly interesting data point that went under the radar Using LLP's data from the last 30D, i calculated @Lighter_xyz's revenue to see how it compares to major perp dexes Plus a potential launch FDV based on this metric. Lots of assumptions etc, take it as a fun exercise
