Lighter Latest Compensation Announcement @Lighter_xyz To compensate traders affected by the 10/10 incident, the team will distribute a “Special Compensation of 250,000 points.” Season 2 Points Airdrop will begin on October 17th (Friday). In the first week, 600,000 points will be distributed, covering the past 2.5 weeks. Lighter has always prioritized fairness and transparency. Thank you to every supporter. Founder and CEO @vnovakovski also answered questions live on Spaces: https://(x.com)/i/spaces/1ypKdqnMjNdGW Compensation Details: 1️⃣ Performance issues before the 10/10 crash - Traders lost approximately $25 million during this period - 150,000 points will be distributed as compensation - Liquidation fees (USDC) will also be refunded 2️⃣ LLP holders experienced a 5% drop during the market crash Although the system functioned normally, the Lighter team takes partial responsibility, as some users did not fully understand the mechanism of LLP as the “ultimate liquidity provider.” - 25,000 points will be distributed to LLP holders - A detailed explanation document about LLP has been released 3️⃣ Sequencer database failure occurred five hours after market stabilization - Resulted in 4.5 hours of downtime - Traders lost approximately $7 million - 75,000 points will be distributed - Liquidation fees (USDC) will also be refunded The Lighter team also mentioned that they will continue to uphold transparency and accountability, striving to build the fairest Ethereum perpetual contract trading platform ⚡ Chinese Community http://t.me/lighter_asia Discord http://discord.gg/lighterxyz Super Referral Code https://app.lighter.xyz/trade/ETH?referral=EQLZT64BBBB8