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Lighter
Lighter
Credits4
Lighter

Lighter

Partner DEX

ZK-native on-chain CLOB exchange for perpetuals and spot trading across crypto, stocks, forex, and commodities with zero gas fees.

DiscordX
Credits
Credits4
CB
CB21%
Pairs191
Vol 24h—
OI—
Fees—
Max Leverage
50x
MarginIsolated Cross
FeesNo/Fee
0.002%
0.020%
Liquidation0.0100%
FundingHourly
Deposit Networks
lighter
lighter
Accepted Collateral
No collateral data
Protocol Info
Launch Date

Oct 2, 2025

Raised

$68.0M

Open Source

Partially

Last Audit

Nov 24, 2025

Supported Wallets
Coinbase Wallet
Coinbase Wallet
MetaMask
MetaMask
WalletConnect
Supported Languages
English
Restricted Regions
No Restrictions
Features

Trading Mechanics

Markets Offered
CryptoForexStocksReal World AssetsPre Launch TokensCommoditiesMetalsIndicesIndexesEtf
Account Type
Wallet-Based
Hedge Mode
No
Sub-Accounts
Yes
Native Collaterals
No
Settlement Type
Hybrid
Trading Model
Off-Chain CLOB
Liquidity Source
Protocol Vaults,user Lps
Protocol Version
Public Mainnet (post-Private Beta)
Protocol Types
DEXPerp DEXCLOBApp Chain

Product & Trading

Services Offered
Perpetual FuturesSpot TradingLP VaultsVaults
Order Types
Limit OrdersMarket OrdersStop OrdersTrailing StopPost-OnlyIocFok
Trading Tools
API TradingLeaderboards
Notifications
In App AlertsIn-App AlertsEmail
Education
Written DocumentationStep By Step TutorialsDocsTutorials

UX & Safety

Interface Types
Web AppAPI AccessSdks
Mobile Experience
Mobile Optimized WebBrowser App
UX Features
API TradingTradingviewInteractive ChartsDark ModeWatchlists
Safety Features
InsuranceMev Protection

Infrastructure

Price Oracles
Pyth NetworkChainlinkPyth LazerStork Network
Oracle Details
Chainlink, Pyth Lazer, and Stork Network provide price feeds; ZK proofs validate execution integrity.
Account Features
SubaccountsMcp Endpoint
Gas Optimization
ZK RollupGasless Trading

Rewards & Yield

Rewards Programs
Airdrop Point ProgramTrading RewardsLiquidity MiningReferralsToken Staking
Yield on Deposits
-
Staking Yield Source
Vault Yield From Market-Making Activity.
Points Program
Trading volume, referrals, LIT staking, providing liquidity
Value Distribution
Value distributed via points program and liquidity rewards.
Token Utility
N/A (no native protocol token publicly documented).

Fee Details

Fee Discounts
Token Staking
Zero Fee Trading
Yes
Variable Pair Fees
Yes
Gas Fee Model
Fully Sponsored Gasless
Funding Interval
Hourly
Funding Mechanism
Dynamic
Position Fee Types
Funding Rate
Fee Tier Details
Maker: 0.000%; Taker Standard: 0.000%; Taker Premium: 0.028%
Additional Notes
Two tiers (Standard vs Premium) with different fee/latency tradeoffs.
Fees
Fee Model
No/Fee
Fee Discounts
Token Staking
Zero Fee Trading
Yes
Variable Pair Fees
Yes
Withdrawal Fee
$0
Withdrawal Delay
1-10 Min
Funding Interval
Hourly
Funding Mechanism
Dynamic

Flat Fee Structure

Maker FeeTaker Fee
0.0000%0.0000%
Articles

Articles

100
Campaigns

DEX Campaigns

5
LighterLighter
Ended
Trading Incentive
Lighter Points: Season 1
Points for organic trading volume during Lighter's private beta, with self-trading and Sybil activity removed; part of the combined 12.5M-point pool across Seasons 1-2 that settled into the Dec 30, 2025 $LIT airdrop.
Prize PoolShare of 12.5M points
PhaseSeason 1
LighterLighter
Live
Fee Discount
Funding Rate Rebates
Up to 15% rebate on funding payments. 6% base for Premium + 9% staking bonus (cap 50K LIT). All perp markets.
Prize PoolUp to 15% rebate
Time FrameOn-going
LighterLighter
Live
Fee Discount
LIT Fee Credits Program
Buy staked LIT credits to unlock higher fee discount tiers. All proceeds to LIT stakers.
Prize PoolVariable
Time FrameOn-going
LighterLighter
Ended
Competition
EndedJan 26
Mobile Way Trading Competition
100,000 $LIT prize pool for top traders on Lighter's newly launched mobile app (Jan 2026); entrants had to download the app before the event and complete most of their trades on mobile.
Prize Pool100,000 $LIT
Time FrameLimited Time
LighterLighter
Ended
Trading Incentive
EndedDec 31
Lighter Points: Season 2
Oct 2 - Dec 31, 2025 points season on Lighter: organic trading volume earned a share of the combined 12.5M-point pool (with Season 1), settled pro-rata into the $LIT airdrop distributed Dec 30, 2025.
Prize PoolShare of 12.5M points
PhaseSeason 2

DexPal Incentives

DexPal Credits

Earn credits from trading, quests, referrals, and ranking in the leaderboards.

RewardsDexPal Points
Start DateinfoLIVE
DEX Points Bonus

DexPal redistributes 90% of the referral points it earns from each DEX back to users.

RewardsPoints
Start DateinfoLIVE
Charts