Lighter DEX Launches LIT Token With 25% Airdrop
Perpetuals-focused L2 DEX Lighter launched its LIT token, allocating 50% to the ecosystem and 50% to the team/investors, with 25% of FDV airdropped to early participants.Summary
Lighter, an Ethereum-based Layer 2 decentralized exchange (DEX) focused on perpetuals, has launched its native cryptocurrency, the Lighter Infrastructure Token (LIT), aiming to bridge traditional finance and DeFi. The total LIT supply is split evenly: 50% for the ecosystem and 50% for the team and investors. Early participants are being rewarded with an immediate airdrop, converting 12.5 million earned points into LIT tokens, which represents 25% of the project's total fully diluted value (FDV).
The team (26%) and investors (24%) are subject to a one-year lockup followed by three years of linear vesting. The token's utility extends beyond governance; it powers Lighter's trading systems, with access to execution and data verification services tiered based on the amount of LIT staked. Users also pay fees in LIT for market data and price confirmation, where staking ensures data reliability.
Lighter's operating firm, a U.S.-registered C-Corporation, will use trackable blockchain revenue to support ecosystem growth or conduct LIT token buybacks to potentially increase value. Lighter's perpetuals have recently averaged $2.7 billion in volume, ranking it third behind Hyperliquid and Aster.
(Source：CoinDesk)