Lighter (LIT) perpetual market

Lighter is a decentralized exchange focused on perpetual futures trading, built to offer an on-chain order book with performance closer to that of centralized venues. It uses zero-knowledge proof technology to verify that trades and order matching are executed correctly while keeping the exchange non-custodial, so users retain control of their funds. The platform emphasizes low-latency matching, verifiable fairness and protections against certain forms of value extraction that affect other on-chain trading systems. Lighter targets active traders seeking leverage on crypto assets without surrendering custody to an intermediary. The LIT token is associated with the platform's ecosystem and incentives. As part of a competitive field of decentralized derivatives exchanges, Lighter differentiates itself through its order-book design and cryptographic verification, aiming to combine the user experience of centralized platforms with the transparency of decentralized settlement.