Max

build cool things

[Max @Maxiocap]

wild

[senya m. @iamgoatedaf]

lighter RFQ is live on RWAs

you ask for a quote, MMs see what + how much but never which side. liquidity lands in the orderbook, not a private quote -- you just see a better price and decide

basically: institutional size on tokenized stocks, way less slippage

this is actually fire🕯️

[Max @Maxiocap]

@iamgoatedaf @l2beat this is huge

[Max @Maxiocap]

glighter

[senya m. @iamgoatedaf]

so @l2beat just independently rebuilt Lighter's verifier circuits from source and confirmed they match whas actually deployed on Ethereum -- including the desert verifier.

translation: if Lighter's sequencer ever dies or the team disappears, you can generate a ZK proof on your own laptop and withdraw straight to L1; no permission, no "trust me bro".

pretty much no other perp DEX can say this

@toly do you still think that @Lighter_xyz is CEX?

[senya m. @iamgoatedaf]

so @l2beat just independently rebuilt Lighter's verifier circuits from source and confirmed they match whas actually deployed on Ethereum -- including the desert verifier.

translation: if Lighter's sequencer ever dies or the team disappears, you can generate a ZK proof on your own laptop and withdraw straight to L1; no permission, no "trust me bro".

pretty much no other perp DEX can say this

@toly do you still think that @Lighter_xyz is CEX?

[Max @Maxiocap]

👀

[senya m. @iamgoatedaf]

Some notes from the @Lighter_xyz fireside chat with @VitalikButerin, @ethereumJoseph, @vnovakovski and @n_lighterxyz

• Lighter does ~5k TPS on a regular day, peaked at ~20k yesterday during volatile market. Uses <1% of Ethereum blockspace, posts 2-3 txs/min on L1

• EVM sidecar rollup currently in DevNet, first apps expected in the coming months

• Prover cluster scaled ~100x since launch. Proving is no longer the main bottleneck -- coordination of systems and data movement is

• Stage 1 is close, stage 2 is the goal. Concern raised: 30day upgrade delay makes shipping new primitives (onchain options) harder

• User mix: maker side is ~90% pro (MMs, HFTs). Taker side roughly 50/50 retail vs institutional.

• Institutions on Lighter mostly hedge and arbitrage. Retail mostly speculates. Vitalik wants to see more "positive-sum" use cases independent of crypto native demand

• Single sequencer with FIFO ordering. TEE and MPC encrypted mempools being researched. Vitalik: the goal isn't decentralizing the sequencer per se -- it's giving users mathematically strong guarantees against adversarial MEV

• Hybrid DA model: balances and open positions are recoverable from Ethereum (escape hatch works), order book state is not posted. If they posted everything it would exceed 100% of blob capacity

• Vitalik's main take: oracles are the skeleton in the closet of the entire industry. No point hardening ZK proofs and pushing Stage 2 while oracles often run on a single server. "Security is only as strong as the weakest link"

• Current oracle setup: combination of third party providers for major markets, AMM based pricing for pre-launch/exotic markets, futures based pricing for commodities like crude oil. Oracle inputs controlled by the sequencer

• Vitalik's longterm vision: universal futures markets enable personalized CPIs -- hedging rent, AI chip costs, individual consumption baskets. Speculators arrive first, real financial substitute comes later

gLighter🕯️

[senya m. @iamgoatedaf]

Some notes from the @Lighter_xyz fireside chat with @VitalikButerin, @ethereumJoseph, @vnovakovski and @n_lighterxyz

• Lighter does ~5k TPS on a regular day, peaked at ~20k yesterday during volatile market. Uses <1% of Ethereum blockspace, posts 2-3 txs/min on L1

• EVM sidecar rollup currently in DevNet, first apps expected in the coming months

• Prover cluster scaled ~100x since launch. Proving is no longer the main bottleneck -- coordination of systems and data movement is

• Stage 1 is close, stage 2 is the goal. Concern raised: 30day upgrade delay makes shipping new primitives (onchain options) harder

• User mix: maker side is ~90% pro (MMs, HFTs). Taker side roughly 50/50 retail vs institutional.

• Institutions on Lighter mostly hedge and arbitrage. Retail mostly speculates. Vitalik wants to see more "positive-sum" use cases independent of crypto native demand

• Single sequencer with FIFO ordering. TEE and MPC encrypted mempools being researched. Vitalik: the goal isn't decentralizing the sequencer per se -- it's giving users mathematically strong guarantees against adversarial MEV

• Hybrid DA model: balances and open positions are recoverable from Ethereum (escape hatch works), order book state is not posted. If they posted everything it would exceed 100% of blob capacity

• Vitalik's main take: oracles are the skeleton in the closet of the entire industry. No point hardening ZK proofs and pushing Stage 2 while oracles often run on a single server. "Security is only as strong as the weakest link"

• Current oracle setup: combination of third party providers for major markets, AMM based pricing for pre-launch/exotic markets, futures based pricing for commodities like crude oil. Oracle inputs controlled by the sequencer

• Vitalik's longterm vision: universal futures markets enable personalized CPIs -- hedging rent, AI chip costs, individual consumption baskets. Speculators arrive first, real financial substitute comes later

gLighter🕯️

[Max @Maxiocap]

@iamgoatedaf @lidottrade @Lighter_xyz cool

[Max @Maxiocap]

i like it

[senya m. @iamgoatedaf]

how do you feel about this pnl card for @lidottrade ?

[senya m. @iamgoatedaf]

how do you feel about this pnl card for @lidottrade ?

[Max @Maxiocap]

@iamgoatedaf @toly @Lighter_xyz @vnovakovski @babastianj @manud_p @StayRoamer @cam1xyz glighter

[senya m. @iamgoatedaf]

hey @toly Phoenix beat HL on fees, congrats. now do it against @Lighter_xyz.

$10K BTC taker:
• Phoenix — 3.65 bps
• Lighter — 0.56 bps

7x difference

real alpha isn't competing with Lighter. it's building on top of Lighter.

[Robonet @RoboNetHQ]

Robonet &amp; @Lighter_xyz Vibe Trading Competition is now open.

$30,000 in $LIT. 21 days of live scoring. 4 prize tracks. The best automated strategies deployed win.

Register now: https://t.co/5G6RM2wzFl to build and test your strategies

Details below

[senya m. @iamgoatedaf]

im trading on @Lighter_xyz literally from terminal in real time!

yeah, i added MCP to all of this and its updating every ~20 ms

should i drop it?