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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If you had a hard time understanding yesterday's AMA with @vnovakovski due to the language barrier, today you have the opportunity to hear it in Russian. Today (15.10.25) at 18:00 MSK / Kyiv, we’re going live with Vladimir Novakovski, CEO of @Lighter_xyz & @ProMint_X . link: https://www.youtube.com/watch?v=j6pmPtA4CeA

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What did you choose?

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Lighter is distributing a special drop of 250k points at this time to compensate traders affected by the events of 10/10. Details in the thread here. Season 2 drops will run on Fridays starting on October 17, the first of which will be 600k points to cover the last 2.5 weeks. Then, there was the market crash. This did not affect the performance of the exchange. However, LLP holders were down 5%. Even though the systems all worked as intended, we take partial responsibility here because some of the participants in LLP did not have full understanding of how and when LLP provides liquidity and acts as liquidity of last resort. That is now clarified in a deep dive about LLP and LLP holders are compensated with 25k points.

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CEO @vnovakovski will answer questions on X spaces today at 4PM ET - as we make announcements on: - compensation due to events of 10/10 - points program for Season 2 kicking off - LLP deep dive (space is live now, Vlad joins at 4 ET) https://x.com/lighter_xyz/status/1978182122331312643?s=46

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Lighter compensation notice (original) Compensation for traders affected by the crash that occurred on the night of October 10 (5 hours after the market crash), as well as small compensation for some LLP holders during the market crash, will be distributed today. Expected distribution time is 05:00 (KST), details will be published at that time.

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Thank you monad , this will be the first drop for Lighter_xyz traders. There will also be a memcoin drop for active users soon, I think there will be a few more token drops after it, until the TGE itself.

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Lighter just introduced two account types: Free Account • Enabled by default • Free forever • Full trading access Premium Account • Faster execution speed • Higher rate limits (API- focused) • Fees: 0.002% maker / 0.02% taker To compare - on Hyperliquid you don’t get to choose, fees apply by default no matter what tier you’re on. I’ll drop a table below so you can clearly see the difference. The CEO also confirmed in an interview that Premium accounts earn more points, but that feature is mainly designed for API traders and high-frequency execution. 🎥 Interview link https://www.youtube.com/watch?v=cUIBegrRUTY&t=992s Worth watching the full video to understand the direction Lighter is taking.

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gm **PNL & ROI Wars — Midway Update ⚔️** It’s been one of the roughest hours in crypto — maybe the roughest ever. Even in the storm, here’s an update from the traders holding the top spots in this competition. **ROI leaderboard** 1️⃣ 0x64 — 2,906% ROI 2️⃣ 0x11 — 1,456% ROI 3️⃣ 0xc3 — 1,412% ROI **PNL leaderboard** 1️⃣ 0x9c — $10M PnL 2️⃣ 0xB3 — $4.6M PnL 3️⃣ 0x7b — $2.6M PnL The competition isn’t over yet — anything can still happen. Respect and good luck to everyone trading. We wish everyone well. Leaderboards (https://app.lighter.xyz/competitions).

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This channel is all about Lighter.xyz—your go-to place for everything Perp DEX. I’ll be sharing trading insights, tips, updates, and interesting stats from the platform. It’s also a space to connect with the community, see what others are doing, and stay ahead in the world of decentralized trading. If you’re into crypto, trading, or just curious about how Perp DEX works, this channel is for you. Come join the conversation and be part of the journey!

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