Launched on the public mainnet on October 1st after eight months in private beta, Lighter is a decentralized exchange (DEX<\/a>) for perpetual contracts<\/strong> built on an Ethereum<\/a> Layer 2. Its promise: to deliver an on-chain trading experience with high-frequency trading (HFT) performance. To achieve this, Lighter relies on custom ZK (Zero-Knowledge) circuits<\/strong> that enable verifiable order matching and liquidations, all with extremely low costs and latency.<\/p>\n\n\n\n Backed by top-tier investors like a16z<\/strong>, Lighter is no ordinary project. It aims to solve one of the major problems facing DEXs: the trade-off between decentralization and performance<\/strong>. By offering a robust and fast platform, Lighter could attract substantial trading<\/a> volumes from both retail traders and institutions.<\/p>\n\n\n\n The enthusiasm around Lighter is primarily fueled by the staggering figures of its potential airdrop. The team confirmed during an AMA (Ask Me Anything) that a massive 30% to 50% of the total token<\/a> supply<\/strong> would be allocated to the community via this airdrop. This level of generosity is rare and explains the excitement.<\/p>\n\n\n\nThe Airdrop: What We Know and How to Participate<\/h2>\n\n\n\n