Vladimir Novakovski
@vnovakovski
Founder CEO @lighter_xyz. Angel @cognition_labs, @modal_labs, @FabricCrypto, @daimopay. Prev cofounder @lunchclubai, ML @Quora, VPE @Addepar, HFT @Citadel
Lighter journey so far & its future roadmap is one of the most impressive I've seen in a while, since HL. The Team is Stacked, however hyping up inflated volumes stats only gives a false sense of prestige. There's more to be done to solidify its dominance & i believe they will.
New Listings! You can now trade: - $PENGU at 8x leverage - $LDO at 10x leverage
Attention all degens: we have listed $PUMP at 8x leverage on Lighter! Let the trading begin - who’s long? Who’s short?
Congrats to @JohannKerbrat and my old friend @vladtenev on the launch yesterday! Big things happening as real world assets come onchain. I also want to address some points made about "traditional" players - I say that in quotes because I remember coming to Silicon Valley in…
More features launched: competition leaderboard (see screenshot 🐟), new languages - Turkish 🇹🇷 and Spanish 🇪🇸, close-all and cancel-all filters. Three more days left in the competition for late-comers who want to form or join a team and try their luck for extra points!
It's funny that for some reason, people in crypto use the term CLOB to talk about exchanges - CLOB DEX sounds especially like an oxymoron, is it central or decentralized or somehow both? This term is obsolete even in TradFi, I think it was used in the 90s and early 2000s. I did…
It's interesting that some of the ideas behind FTX, if properly executed in a decentralized way, actually do work - for example, you can think of Lighter's LLP public pool as an "internal market maker" but there are fundamental differences. x.com/EvgenyGaevoy/s… - LLP can…
Irony is not lost on me that we moved from FTX+Alameda internal market maker black box is bad, dexes are the future, to the most successful dex models being run by... internal market maker black box
Feature release: isolated margins! Now, margin mode can be toggled between Cross and Isolated directly within each market on the order panel section. As we get closer to public launch, what should we build next in the private beta?
Heads up - our next Trading Competition is starting at 12AM UTC on Jun 6 (8 hours from now). We have now built competitions into the product, so you can see the rules and standings right from the Leaderboard tab, where you see your points. This one is a team competition for…
Sometimes in life, a small innovation can be the "10% effort resulting in 90% impact". The easiest step is just focusing on optimising existing status quo; but if you want huge impact - make huge design changes. I'm with @vnovakovski on this one. I do think DeFi is perfect for…
First of all, we are happy to hear feedback from any of the traders in the community - shouldn't matter if you're a big trader or a small trader, not sure why that's relevant here. I don't know anything about MEXC - I do know about Citadel (part of their early HFT team…
As we did one more drop of 250k this week, we are rewarding Lighter points holders in the private beta by increasing the percentages of points earned by referring other traders.
It's funny the FUD about Lighter has shifted from "the product sucks" (Jan/Feb) to "the volume is fake" (Mar/Apr) and now "the business model won't work" (May/Jun). x.com/delucinator/st… LLP is not subsidized - it's a market maker run by the protocol with capital from the…
As I think about Hyperliquid, I get reminder of Lighter - and it makes less and less sense to me “Robinhood model” but currently subsidized by LLP providing super tight spreads (it’s a sweatshop like MEXC, with user funds) and no strong measures to offset flow (no massive…
We just passed 100M TVL in the Lighter private beta, so to celebrate our community, we are giving every active trader in the private beta 5 invite codes. Use them wisely to invite the best traders you know - and get ready for the upcoming trading competition next week!
As we have passed the first 100 days of the Lighter private beta, we wanted to share some stats that we have found interesting. Top-line metrics: - TVL at $75M - LLP returns at +150% YTD - Number of traders: 9,759 - Points distributed: 3.4M
New coins added to private beta: $PENDLE, $ONDO, and $CRV. And major changes to LLP - now, as before, every participant can allocate 25%, but those with 300 points can allocate 50%, those with 1500 points can allocate 75%, and the Lighter whales with 10k points can do 100%!