In this conversation, Vlad, the founder and CEO of Lighter, discusses the journey of building a decentralized exchange, and the innovative solutions implemented to ensure fairness and transparency in trading. He elaborates on the launch of the mainnet, the importance of trading volume metrics like TVL and OI, and the unique points program designed to incentivize user engagement. The discussion also covers the technical aspects of verifiable matching, the fee structure, and the community-driven growth strategy that has propelled Lighter's success.
Show Notes:
Chapters
00:00 Introduction and Background of Lighter
02:26 The Launch of Lighter and Its Features
05:25 Transition from Private to Public Beta
07:56 Trading Volume and Metrics
10:37 Open Interest and Volume Dynamics
13:31 Incentive Programs and User Engagement
15:56 Points System and User Behavior
18:42 Future Developments and Season Two
21:27 Verifiable Matching and Liquidations
24:09 Fee Structure and Token Philosophy
24:45 Retail vs. Professional Trading
27:12 Fee Structures and Trading Tiers
29:00 Latency and Advantages for Premium Accounts
32:43 Order Flow and System Verification
35:40 Single Sequencer Challenges
38:46 Auto-Deleveraging and Liquidation Processes
41:33 Criteria for Asset Listings
43:25 Community-Driven Regional Strategies