Original | Odaily Planet Daily (@OdailyChina)
On October 2, Perp DEX Lighter announced on the X platform that its mainnet based on Ethereum L2 is officially online after 8 months of private testing. The first season points program has ended, and the second season points program will soon begin and continue until the end of 2025. Users can now join freely without an invitation code or deposit limit, but the invitation program remains, allowing invitees to earn points and other incentives.
It is worth mentioning that Lighter's founder and CEO Vladimir Novakovski clarified on X that the second season points activity is planned to end before the end of the year, not on December 31.
According to DeFiLlama data, Lighter's TVL has surpassed $1.1 billion, making it one of the most anticipated Perp DEXs after Hyperliquid and Aster. So how can users participate in the second season points program, which lasts less than 3 months, to earn points and potentially more token airdrops?
Project Introduction
Lighter is a perpetual contract trading platform built on Ethereum Layer 2 (L2), aiming to combine the speed and liquidity of centralized exchanges (CEX) with the security and transparency of decentralized exchanges (DEX). The 8-month private testing phase has concluded, and the public mainnet is officially online.
Lighter's core solution uses self-developed ZK circuits to handle matching and clearing, allowing every transaction and every clearing to be verified on-chain, thus achieving high-speed execution while maintaining decentralized credibility. In terms of performance, it aims to provide an experience close to high-frequency trading, with fees and latency far lower than traditional DEXs; its fee structure adopts a "light frontend, heavy professional" model—ordinary retail users face almost no fees, while institutions or API high-frequency traders must pay to use the service.
If Aster is backed by Binance, then Lighter is backed by Ethereum. It does not choose a closed architecture like HyperLiquid's self-built L1 but instead focuses on "Ethereum-native composability": LLP Tokens can circulate on the mainnet and collaborate with DeFi protocols like Aave, thus enjoying a low-cost, low-latency, verifiable execution environment within an open ecosystem. Lighter aims to become a decentralized perpetual contract platform that is "as fast as centralized exchanges but verifiable on-chain."
How to Participate in Lighter Trading to Earn Points?
STEP 1. Go to the official platform (link: https://app.lighter.xyz/trade/), connect your wallet, and log in to your account.
STEP 2. Click on "Public Pool," select LLP, deposit funds, and you can start trading to earn points.
Key Issues to Focus on During the Public Testing Phase
Currently, for most users using Lighter for the first time, Odaily Planet Daily has compiled information that needs to be understood during the public testing phase based on the official Discord and recent AMA content.
1. How to earn points during the public testing phase?
Unlike the "black box" of the internal testing phase, the public testing version has clear rules for earning points, which have not yet been announced. The official team will announce the rules soon, so please stay tuned. Odaily Planet Daily will also interpret the new points rules as soon as they are released.
2. What is the distribution cycle for points during the public testing phase?
Points for the second season will be distributed every Tuesday, with 250,000 points distributed weekly. To ensure fairness, the Lighter team reserves the right to adjust the distribution method, and any witch attacks, multi-account self-trading, or similar behaviors will be excluded from point rewards.
3. What are the witch measures during the public testing phase?
The official has clearly stated that it will strictly investigate "self-trading," meaning that abnormal behaviors such as multi-account wash trading and instant trading will result in accounts being flagged, and those accounts will not be able to open new positions, only close existing orders.
4. Will quick trades not earn points?
Normal short-term trading will not affect point acquisition, but trades in the account that are "instant open and instant close" meaningless trades may be judged as witch accounts.
5. When will the TGE actually take place?
According to community feedback, the TGE is still expected to occur in Q4 of this year, with optimistic expectations for November and more conservative estimates in December. Although the public testing phase is expected to end in December, this does not mean that the TGE must wait until the end of the public testing phase to start.
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