First of all, Happy NY and $LIT TGE!
At @LighterOTC we have successfully completed every deal, many thanks to the cooperative buyers and sellers. The giveaway of 100 points has also been distributed.
We wish to see everyone at our next OTC desk, thanks!
Onwards and Upwards
Whales $LIT premarket processed over $1.4M in volume, and their users are now stuck because they chose to settle through a smart contract
I remember arguing that handling these settlements manually is better than relying on smart contracts, especially when things can get complicated and there’s only a 24 hr window after TGE to complete settlements
We settled everything manually within 12 hours, and our biggest hurdle was waiting for our users to wake up
As we are approaching $LIT TGE day, if you bought or sold points via our OTC desk, please check your TG inbox.
There you will find everything you need to do before and during TGE.
We are preparing to ensure a smooth and safe TGE settlement and we need your collaboration to do so
We’re excited to introduce Spot on Lighter! You can now deposit, withdraw, and transfer ETH, the first native asset on our Ethereum L2.
Later this week, we’ll enable spot trading and begin rolling out additional markets.
How many of these hidden features on Lighter charts did you know were possible?
1. Drag-drop limit orders to adjust price
2. Drag-drop SL/TP orders adjust trigger price
3. Click limit order to edit orders pop-up
4. Click SL/TP orders to edit orders orders pop-up
5. Set SL/TP orders by clicking on current position
6. Click on x-axis plus button to add limit orders
Lighter points are out!
Got good points this week on all my wallets (12.2 on public wallet, see image)
At current OTC prices these are still at around 1k
Even given the market conditions, OTC prices haven't dropped significantly and you can still fill a bid @ 100$/point on @LighterOTC if you want to get out of your points
Perp DEXs are still by far the absolute most +EV play in the market rn
Polymarket is pricing in an 88% chance of Lighter airdrop happening before Dec 31, leaving a 12% tail risk.
Adjusting for that, the true odds of a >$4B valuation are 61%, not 49%.
Same calculation applies for all valuations, cause both markets has same rules that lighter launches a token before Dec 31
Trade your Lighter points on LighterOTC