Project Overview & Latest News

Lighter, a perpetual contracts trading platform built on Ethereum Layer 2, officially launched its mainnet on October 2nd, concluding its private test phase. Its Total Value Locked has surpassed $1.1 billion. The Season 2 Points Program is now active and will run until the end of 2025, though the founder clarified it will conclude before the year's end, not necessarily on December 31st.

How to Get Started

Users can now participate freely without an invitation code or deposit caps. The referral program remains, allowing inviters to earn points incentives.

Key Details for the Public Beta Points Program

* Points Acquisition: The specific rules for earning points in the public beta have not been announced yet. Official rules are expected to be released soon.

* Distribution Schedule: Points will be distributed every Tuesday, with 250,000 points allocated weekly.

* Anti-Sybil Measures: The team will strictly scrutinize Sybil attacks and self-trading activities. Accounts engaging in such behavior may be penalized.

* TGE Timeline: The Token Generation Event is anticipated in Q4 2025, with optimistic estimates pointing to November and more conservative ones to December. It may not necessarily wait until the public beta concludes.

Summary

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Original Title: Public Beta is Live: How to Participate in Lighter's Season 2 Points Program?

Original Author: Asher, Odaily

On October 2nd, Perp DEX Lighter announced on X the official launch of its Ethereum L2-based mainnet, fully opening to the public after an 8-month private test. The first season points program has ended, and the Season 2 Points Program has commenced, running until the end of 2025. Users can now join freely without invitation codes or deposit limits, though the referral program remains, offering incentives like points to those who refer others.

It's worth noting that Lighter's founder and CEO, Vladimir Novakovski, clarified on X that the Season 2 points event is planned to end before the year's end, not specifically on December 31st.

According to DeFiLlama data, Lighter's TVL has exceeded $1.1 billion, establishing it as a highly anticipated Perp DEX within the community, following the likes of Hyperliquid and Aster. So, how can one participate in Lighter's Season 2 Points Program, which lasts less than three months, to earn points and potentially qualify for more airdrops?

Project Introduction

Lighter is a perpetual contracts trading platform built on Ethereum Layer 2, aiming to combine the speed and liquidity of Centralized Exchanges with the security and transparency of Decentralized Exchanges. It has now concluded its 8-month private testing phase and officially launched its public mainnet.

Lighter's core solution involves using its self-developed ZK circuits to handle order matching and liquidation, enabling every trade and liquidation to be verified on-chain. This approach achieves high-speed execution while maintaining decentralized trustworthiness. Performance-wise, it pursues an experience close to high-frequency trading, with fees and latency significantly lower than traditional DEXs. Its fee model is "light for the front-end, heavy for professionals"—ordinary retail users pay almost no fees, while institutions or API high-frequency traders pay for usage.

If Aster has Binance behind it, then Lighter has Ethereum behind it. Instead of opting for a closed architecture like HyperLiquid's own L1, Lighter's core route is "Ethereum-native composability": LLP Tokens can circulate on the mainnet and synergize with DeFi protocols like Aave, thus enjoying low-cost, low-latency, verifiable execution within an open ecosystem. Lighter hopes to become a decentralized perpetuals platform that is "as fast as a centralized exchange, but verifiable on-chain."

How to Participate in Lighter Trading to Earn Points?

STEP 1: Go to the official platform (https://app.lighter.xyz/trade/), connect your wallet, and log in to your account.

STEP 2: Click on "Public Pool," select LLP, deposit funds, and you can start trading to earn points.

Public Beta FAQ Summary

For most users trying Lighter for the first time, Odaily has compiled key information from the official Discord and recent AMAs for the public beta phase.

1. How to earn points in the public beta?

Unlike the "black box" of the internal test, the public beta will have clear rules for earning points. These rules have not been announced yet but are expected to be released soon by the official team. Odaily will provide timely interpretation once the new rules are out.

2. What is the points distribution cycle for the public beta?

Season 2 points will be distributed every Tuesday, with 250,000 points allocated weekly. To ensure fairness, the Lighter team reserves the right to adjust the distribution method. Any Sybil attacks, multi-account self-trading, or similar behaviors will be excluded from points rewards.

3. What are the Sybil measures in the public beta?

The official team has explicitly stated strict checks for "self-trading," such as wash trading between multiple accounts or instant open-close transactions. Accounts flagged for such abnormal behavior may be restricted from opening new positions and may only be allowed to close existing ones.

4. Will fast trading prevent earning points?

Normal short-term trading will not affect points acquisition. However, if an account primarily executes meaningless trades opened and closed within seconds, it might be judged as a Sybil account.

5. When exactly is the TGE?

Based on community feedback, the TGE is still expected in Q4 2025, with optimistic predictions for November and more conservative estimates for December. Although the public beta is scheduled to run until the end of December, this does not mean the TGE necessarily must wait until after the public beta concludes.