manud_p's profile picture. Lighter core contributor

Crypto Chao.🕯️

@manud_p

Lighter core contributor

Tal vez te guste
Crypto Chao.🕯️ reposteó

LLP had a rough day during the 24 hours ending at 4PM EST today, third-worst returns wise (-5.35%) and worst in absolute PnL. We will post analysis about the details tomorrow, including how LLP holders will be compensated. Historical LLP is Sharpe 5.59 and projected APR 48.4%.


Crypto Chao.🕯️ reposteó

As a hyperliquid maxi, this is a thoughtful and truthful explanation Exchanges are hard, which is why they are so profitable What matters is that lighter made intentional decisions, accepted responsibility, and are trying to make users whole Well done @vnovakovski

During the 4.5 hour period from 10:30PM EST on October 10, 2025 until 3AM EST on October 11, 2025, Lighter experienced its first serious outage since mainnet private beta in January and public launch on October 1. This is the post mortem of that outage and actions we took since



Crypto Chao.🕯️ reposteó

During the 4.5 hour period from 10:30PM EST on October 10, 2025 until 3AM EST on October 11, 2025, Lighter experienced its first serious outage since mainnet private beta in January and public launch on October 1. This is the post mortem of that outage and actions we took since


Crypto Chao.🕯️ reposteó

Custom chips for ZK are key to scaling, both in terms of supply and economics. That's why we built the VPU at @FabricCrypto: so great builders can do what they do best, without worrying about hardware limits. Part of our early vision & why @vnovakovski is an investor. We'll be…

gaoist's tweet image. Custom chips for ZK are key to scaling, both in terms of supply and economics. That's why we built the VPU at @FabricCrypto: so great builders can do what they do best, without worrying about hardware limits. Part of our early vision & why @vnovakovski is an investor. 

We'll be…

To be clear, in a world of infinite hardware supply, the Lighter system can support arbitrarily high TPS, it's just a matter of having enough machines to sequence the transactions and, in a separate process, generate proofs of the correctness of transactions



Crypto Chao.🕯️ reposteó

Many forget so soon, but this is evidence of Vlad publicly putting both his Reputation & Capital at risk earlier in March this year to support Hyperliquid during thier nasty Jelly attack, while heaping praise on Jeff.

Protext_io's tweet image. Many forget so soon, but this is evidence of Vlad publicly putting both his Reputation & Capital at risk earlier in March this year to support Hyperliquid during thier nasty Jelly attack, while heaping praise on Jeff.

Crypto Chao.🕯️ reposteó

Did you notice? When HyperLiquid is having issues, the Lighter community supports them. But when Lighter faced a small glitch, people with hl in their names jumped on it like vultures. That says a lot. Still, HyperLiquid is a good exchange and it was the first perp DEX I ever…


Crypto Chao.🕯️ reposteó

Everyone affected will be compensated, not just liquidations.


Crypto Chao.🕯️ reposteó

Why yesterday's crash is a positive for Lighter First, I want to support all the traders who were liquidated. This was truly a black swan. Major take profits on PerpDEXs after the crash: - Lighter went down - LLP decreased ~5% - Hyperliquid forcefully closed short positions -…

Eugene_Bulltime's tweet image. Why yesterday's crash is a positive for Lighter

First, I want to support all the traders who were liquidated. This was truly a black swan.

Major take profits on PerpDEXs after the crash:

- Lighter went down
- LLP decreased ~5%
- Hyperliquid forcefully closed short positions
-…

Crypto Chao.🕯️ reposteó

Past returns are not a guarantee of future performance, this is true. But that includes both the returns from yesterday and all the other returns, to be fair. And LLP holders will be compensated as well.


Crypto Chao.🕯️ reposteó

You are free to deposit elsewhere - and, unlike other "vaults", LLP has no lockup. But it is still up 220% YTD


Crypto Chao.🕯️ reposteó

LLP being down 5% after being up 237% for the year is a better tradeoff for the ecosystem vs. lots of traders losing their entire account's worth.


Crypto Chao.🕯️ reposteó

moments like these are great stress tests for growing exchanges the unacceptable outcome is bad market state - lost/dropped orders, bad debt both hl and lighter performed admirably in this aspect, with different designs but am very happy about the outcome on both laggy…


Crypto Chao.🕯️ reposteó

Lighter is back up. We’re monitoring closely to ensure stability. A post-mortem on the outage will be shared soon. Also, stay tuned for a mass compensation event for every trader affected by today’s issues. x.com/Lighter_xyz/st…

Lighter is experiencing an outage in the last hour. The team is working all hands on deck to fix the issue, which is a technical issue due to extremely high TPS over the last 12 hours. We are close to a solution. Your funds are safe, there are no security or risk issues.



Crypto Chao.🕯️ reposteó

The goal of a liquidity provider is to ... provide liquidity! Not to maximize its own profits at the expense of the traders.


Lighter is now 1.3% of TVL in DeFi

manud_p's tweet image. Lighter is now 1.3% of TVL in DeFi
manud_p's tweet image. Lighter is now 1.3% of TVL in DeFi

Crypto Chao.🕯️ reposteó

Intern notes from the latest podcast by @vnovakovski hosted by @Mable_Jiang: > Vlad's Story: Finished Harvard early > Citadel HFT > Other HFT endeavors> Silicon Valley (2012), worked in a couple startups (Fintech, AI) > LunchClub AI > Lighter (2022) > The idea for Lighter came…


Crypto Chao.🕯️ reposteó

Great to speak with my friend and fellow founder @Mable_Jiang for the live show, awesome questions! x.com/Mable_Jiang/st…


Audits of the Bridge, Smart Contracts, and ZKCircuits. Interesting to see how few people have looked into these. - docs.lighter.xyz/security/secur… @StayRoamer "Keep it secret. Keep it safe." - Gandalf zk

Together with the launch of public mainnet, three audits have been released by @lighter_xyz, covering the three main components of the protocol: > Sequencer > Prover > Smart Contracts Delved into them to provide a concise summary for each here, starting with the Bridge flow:

StayRoamer's tweet image. Together with the launch of public mainnet, three audits have been released by @lighter_xyz, covering the three main components of the protocol: 

> Sequencer
> Prover
> Smart Contracts

Delved into them to provide a concise summary for each here, starting with the Bridge flow:


Crypto Chao.🕯️ reposteó

You can get 100% of your funds out of @Lighter_xyz in 18 days in the UNLIKELY WORST CASE SCENARIO. This is incredibly fast when you compare it to: - 14 YEARS to get 21% of your claim after the MtGox hack - 3 YEARS to get 2022-cash-value of your funds out of bankrupt FTX

Jrag0x's tweet image. You can get 100% of your funds out of @Lighter_xyz in 18 days in the UNLIKELY WORST CASE SCENARIO.

This is incredibly fast when you compare it to:

- 14 YEARS to get 21% of your claim after the MtGox hack 
- 3 YEARS to get 2022-cash-value of your funds out of bankrupt FTX

Crypto Chao.🕯️ reposteó

composability will be a perp dex's greatest advantage over any cex hyperliquid built its own chain and bootstrapped liquidity from zero - they currently have ~$2b lighter doesn't need to bootstrap anything - it can plug into ethereum's existing TVL of ~$90b


United States Tendencias

Tal vez te guste

Loading...

Something went wrong.


Something went wrong.