Will Price

professional bagholder

[Will Price @will__price]

@disk0x @variational_io > asks about differences

> doesn’t care about differences

The Amazon experience is probably a point and shoot directly through a wallet app

[Will Price @will__price]

my favorite thing about Lighter RFQ is that you can get a good price on a time-sensitive block trade, but retain flexibility to exit slowly via TWAP or scales

[Will Price @will__price]

Variational is also a great product! They provide indicative slippage, and you final price is dependent on market movements between when the quote happens and when your trade is executed

Lighter RFQ uses the order book directly and you can have many counterparties per block trade.

[Will Price @will__price]

@naruto11eth - the 0 fee structure for retail remains
- the UI is better than ever
- the depth is highly competitive
- the latency is lowest among perp dexes
- team is shipping new cool features like RFQ
- the awareness gap you mention is balanced by a 40x difference in market cap

[Will Price @will__price]

@TrustlessState I would like to thank the AI overlords for hallucinating my promotion

[Ungus @UngusTrade]

Optimising every part of the stack matters.
Here’s a quick comparison of frontend load times from @HyperliquidX and @Lighter_xyz.

[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.

[Will Price @will__price]

@defiprime imagine being in DeFi since the beginning just to become an AI slop account

[Evanss6 @Evan_ss6]

This site is an awesome way to track various metrics across HL, Lighter, and Binance. You get live visualizations of the order books, funding rate monitor, buybacks, and lots more. Use at your leisure.

https://t.co/KAIPBFkVMF

[David Hoffman @TrustlessState]

First @will__price podcast in 4 yrs btw

[Will Price @will__price]

@DavidYenicelik A lot of people would be

[Will Price @will__price]

this is directionally interesting but there are high resolution historical order book snapshots available - no need to only run this with a zero slippage assumption

reach out if you need help

[Minara AI @minara]

https://t.co/4bsylmAa9h

[Will Price @will__price]

@Ramen_HL @aaalexhl some metrics for you https://t.co/EJ7q7XIhu0

[Will Price @will__price]

@oxngon there is also https://t.co/nsoglA6tUw

[Will Price @will__price]

No one is paying attention because it’s boring, but fixed rate borrow/lend in DeFi is about to inflect

[Will Price @will__price]

CFTC chair: "Crypto Perpetuals are coming to America"

[Mike Selig @MichaelSelig]

Thanks to @POTUS’ leadership, America is the Crypto Capital of the World. Bitcoin, Crypto Perpetuals, and INNOVATION are Coming to America.

[PM @hyperbulla]

tried the RFQ model for WTI on @Lighter_xyz

bullish

[Supertramp @StayRoamer]

@confugen @econoar @Lighter_xyz Based on ~ 120 markets present on both

[Will Price @will__price]

@confugen @econoar @Lighter_xyz ?

https://t.co/Pj6McpoDVm

[Will Price @will__price]

makes a lot of sense

[kirbycrypto @kirbyongeo]

The Chain Is The Oracle