El33

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[El33 @_El33_]

Wrote about paradoxes, confidence and why we retreat to black and white thinking.

A note on what has been useful to me in life and markets ❤️

https://t.co/uSLa1gEMsp

[El33 @_El33_]

@hantengri Long it on Lighter

[David Hoffman @TrustlessState]

The easy answer is that Robinhood is an everything platform, and Lighter is highly optimized for perps specifically (altho Lighter roadmap is to also be an everything platform - Perps/Options/Spot/Onramps via @fun)

Lighter has more assets, including more pre-IPO markets. Lighter doesn't require KYC sign up, and Robinhood Perps are for only a closed group of users in the EU.

By contrast, Lighter is VPN blocked in the US.

But beyond that:

Transparency / Auditability
- zkLighter (Lighters zk system) is fully auditable by end users, so anyone can permissionlessly verify the exchange is following its own rules.
Order matching, funding, risk checks, liquidations etc are defined in zk circuits, so Ethereum verifies that they followed Lighter's rules before accepting state updates. Bullish crypto ethos!

This earns the trust of traders and market makers in size, because everyone can trust that there is no privileged party trading against users (i.e. Alameda & FTX)

Latency
- Lighter's got the best latency of any perp exchange. https://t.co/lEKvkaYQzI

Execution cost (fees + slippage)
- Lighter has the best fee structure. Maybe Robinhood (when it eventually rolls out perps) also has a 0-fee structure too, but that means a tie between RH and Lighter, not a RH win.
- You can see Lighter vs Hyperliquid execution cost at the link below. Lighter is beating Hyperliquid in execution.

I'd make the claim that Lighter is beating Robinhood in execution too, but I wouldn't know because
1. I can't access Robinhood perps and
2. I wouldn't be able to audit it anyways

https://t.co/I2CdUDsZzi

Further fee structure resources: https://t.co/rrwcn9mNdg

https://t.co/zNiPcwLd0k

Having the best fee structure also means that consumer apps can choose to use Lighter as a backend, saving on time to market and internal dev cost, without sacrificing much economics.

But thats an answer to "Why would I buy $LIT instead of $HOOD?" which you didn't ask but i'll answer anyway.

[El33 @_El33_]

@KyleSamani @TrustlessState Because you can go long solana:So11111111111111111111111111111111111111112 and short hyperliquid:native over there with any size without paying fees (read into their new RFQ system!)

Gl and hf

[El33 @_El33_]

@drews888 Yuppp ❤️

[El33 @_El33_]

@realpeterjm You should try out Lighter

[El33 @_El33_]

Y’all should buy some ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 as a core part of your long term holdings.

[Bankless @Bankless]

EARLY ACCESS: Is ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 Cheap?

@will__price and @trevor_flipper think @Lighter_xyz is one of the most underpriced perp bets in crypto.

“At current valuation levels, I think that chance is underpriced.”

“LIT is buying back its token 2x the speed of hyperliquid:native.”

“The same talent density I haven't seen elsewhere among their competitors. Centralized or decentralized.”

[El33 @_El33_]

@hantengri Dutch pride

[El33 @_El33_]

"Faster, real-time, scaled Ethereum."

I see no lies.

[MP @MoneyPrinter0x]

in case it wasn't obvious

we're currently at the fat right tail of variance

for the over-leveraged: start taking the bread home - scaled orders & twaps are your friend, market selling the whole thing in one go is how you fomo back in because 8th-9th innings do tend to be explosive, hedge against your emotions & hedge against short term variance

or alternatively - buy hedges to protect heavy positions while market is euphoric and hedges are cheap

NFA DYOR - have been noticing an uptick in frens recently, don't wish to see overleveraged pure-long new entrants pay expensive tuition lessons

[El33 @_El33_]

@chang_defi @rajivpoc You’re better of on lighter with basically any size

https://t.co/R2p3kmDGG3

[El33 @_El33_]

@rajivpoc @chang_defi Or just trade it on lighter

[El33 @_El33_]

@pierre_crypt0 @RunnerXBT Ohhhhh?

[El33 @_El33_]

@Ramen_HL @jeffreywiill @frizzaud @aaalexhl Don’t. Trade. $LIT. On. Perps.

Spot or skip.

[El33 @_El33_]

@diapsalmata_0x @AltcoinSherpa Spot or skip

[El33 @_El33_]

@AltcoinSherpa Don’t. Trade. $LIT. On. Perps.

Spot or skip.

[El33 @_El33_]

@beaniemaxi So maybe that was the reason?

[El33 @_El33_]

This is so interesting.

[El33 @_El33_]

@drews888 Woops, spot* lmao

[El33 @_El33_]

@drews888 NEVER TRADE ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 ON PERPS C’MON.

SPIT OR SKIP

[El33 @_El33_]

@Dentoshi Great call!