Today, the community lighter learned the formula for distributing points, here are the main points: For Season 2, 200,000 points per week will be distributed every Friday. The points will cover activity from Wednesday (inclusive) through Tuesday (inclusive). Some of the categories that affect how points are distributed include: Volume Open Interest Fundings Liquidations and Deleverages PnL There are also scaling factors that favor traders with higher trading quality, depending on the category. Notes: Having a premium account impacts the weight of the metrics. — this is not necessarily the case — but PnL generated by premium accounts may receive more points. Some categories are separated per market, while others are applied globally. Some categories are evaluated daily, while others are evaluated weekly. Points are not necessarily distributed linearly with respect to the metric. link:https://docs.lighter.xyz/points-program/retail
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A total of 600,000 points were distributed today to the Lighter Community. This marks the official kickoff of Season 2. For this week, we want to highlight the traders topping the Leaderboards for the PnL & ROI Wars competition ⚔️. Here are the results: PnL Leaderboard, top 3 🥇 0x9c - 1000 points 🥈 0xB3 - 750 points 🥉 0x92 - 500 points ROI Leaderboard, top 3 🥇 0x84 - 1000 points 🥈 0x64 - 750 points 🥉 0xb4 - 500 points The traders who placed 4th-10th in these leaderboards have also received their points. We’ll also release updated documentation on this season’s points program in a few hours to give market participants clearer guidance on how to earn points. Also, all traders now have unlimited invites.
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Results of yesterday’s AMA session with @vnovakovski I’ve outlined the main points and topics discussed for you! - Public launch: October 1 - October 10 - the most volatile day since 2008 - Main priority - system stability, not profit. What makes Lighter special? - Project development began 3 years ago - After the FTX collapse, it became clear: a verifiable, transparent, and most importantly, secure DEX is needed - From spot trading → to perpetuals at traders’ request - LLP pools: initially private, later opened to the community, likely after TGE Why specifically ZK Rollup? - AMM is not suitable for active markets - Optimistic rollups - do not provide the necessary speed and fairness Lighter uses ZK rollups with custom schemes for trading and risk management.
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