token guide Archives - Coin Engineer https://coinengineer.net/blog/tag/token-guide/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 19 Dec 2025 13:18:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png token guide Archives - Coin Engineer https://coinengineer.net/blog/tag/token-guide/ 32 32 What is Lighter (LIT) ? https://coinengineer.net/blog/what-is-lighter-lit/ https://coinengineer.net/blog/what-is-lighter-lit/#respond Mon, 15 Dec 2025 15:00:55 +0000 https://coinengineer.net/blog/?p=59442 Lighter is a decentralized, high-performance, and verifiable exchange (DEX) built on a Zero-Knowledge Rollup (ZK-Rollup). It leverages Ethereum’s security and composability while aiming to deliver speed and scalability comparable to traditional high-frequency finance (HFF) platforms. Project Concept Lighter is a fully verifiable decentralized perpetual futures and spot trading platform built on Ethereum using a custom

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]]> Lighter is a decentralized, high-performance, and verifiable exchange (DEX) built on a Zero-Knowledge Rollup (ZK-Rollup). It leverages Ethereum’s security and composability while aiming to deliver speed and scalability comparable to traditional high-frequency finance (HFF) platforms.

Project Concept

Lighter is a fully verifiable decentralized perpetual futures and spot trading platform built on Ethereum using a custom ZK infrastructure.

The project addresses a key problem in DeFi: combining the speed and efficiency of centralized exchanges with the security and transparency of on-chain decentralized trading. All trades, including order matching and liquidations, are cryptographically verified using zero-knowledge (ZK) proofs on Ethereum.

How the Platform Works

Lighter operates as a ZK-rollup perpetual DEX with the following flow:

  • Users place orders on ETH, USDC, or other supported assets.
  • Custom ZK circuits match orders and evaluate risks.
  • Trades are batched and verified with SNARK proofs, then submitted to Ethereum.
  • Liquidations and funding are managed via Chainlink oracles; isolated and cross margin supported, with leverage from 3x–25x.

The platform is compatible with the Arbitrum network and operates in a non-custodial and permissionless manner. On Lighter, market makers earn revenue from the spread by providing liquidity, while takers pay a taker fee for executing trades.

Team and Founders

  • Founder & CEO – Vladimir Novakovski: Graduated from Harvard at 18 and became CEO at 22. Previously co-founded the AI social network Lunchclub, which pivoted to focus on Lighter. Extensive experience in engineering and trading.
  • Engineering Lead – Emin Ayar: Core team member responsible for developing the platform’s technical infrastructure.

The team brings DeFi and blockchain expertise to build a high-performance perpetual trading platform.

Investors and Key Partners

Lighter is backed by prominent crypto and tech investors:

  • Founders Fund
  • Haun Ventures
  • Ribbit Capital
  • Andreessen Horowitz (a16z)
  • Lightspeed Ventures
  • Dragonfly Capital
  • Robinhood Markets (partner)

These partnerships enhance the project’s credibility and long-term potential.

Governance

Currently, Lighter is centrally governed by the team and investors. The token (LIT) has not yet been launched, so DAO or token-based governance is inactive. Future token release may enable community-led decision-making.

Roadmap

While a public roadmap is limited, recent developments and funding milestones include:

  • 2022–2024: Setup, seed funding, and testnet launch.
  • 2025 Q1–Q3: Public mainnet launched, perpetual products expanded (ICP, FIL, STRK) with FX and equity perps added (GBP/USD, AAPL, NVDA).
  • 2025 Q4: Spot trading mainnet live (ETH/USDC), mobile integration, and RWA expansion (commodities, equities).
  • Future: Institutional APIs, multi-chain derivatives, token generation event (TGE), and monetization tools.

The platform has 500,000+ users and cumulative trading volume exceeding $279 billion.

Token Information

  • Total Supply: 1,000,000,000 LIT
  • Max Supply: 1,000,000,000 LIT

Token Use Cases

Although the token is not yet released, potential use cases include:

  • Platform governance
  • Liquidity incentives
  • Community and trading rewards
  • Converting the points program into a token economy

Currently, rewards are distributed through the points system.

Ecosystem

Lighter’s ecosystem includes:

  • Perpetual futures infrastructure
  • Points reward program
  • Layer 2 zk-rollup protocol
  • Cryptographically verifiable order matching and liquidations
  • Developer tools and API support
  • Community channels (X/Twitter, Discord)

Performance and Features

  • Scalability: Tens of thousands of orders per second with millisecond latency.
  • Efficiency: Zero fees for retail, HFT-optimized infrastructure, custom ZK circuits.
  • Verifiability: All trades are publicly verified via SNARK proofs.
  • Security: Ethereum-based, non-custodial, MEV-protected.
  • Multi-Market Support: Perps, spot, FX, equity, and RWA; leverage 3x–25x, isolated margin, funding.
  • Institutional Tools: Low-latency APIs, liquidity pools, Chainlink integration.
  • Mobile & Integrations: Liquid mobile access, automated liquidation via XLP.

Official Links

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