# Lighterpedia

> Lighterpedia is an independent, third-party reference site covering Lighter, the zero-fee ZK order-book perp DEX. Tutorials, sourced fee breakdowns, exchange comparisons, and points and LIT token explainers, written by a publisher with no relationship to Lighter.

## About This Publisher

Lighterpedia is an independent, third-party publication written by Concept211. It covers
Lighter — a zero-fee ZK order-book perpetual exchange — from the outside, from public
sources, and is not run by Lighter or by the companies behind it.

## Non-Affiliation

Lighterpedia is an independent, unofficial resource. It is not affiliated with, produced by, reviewed by, endorsed by, or sponsored by Elliot Technologies, Inc. or Lighter, Inc., or any of their affiliates. "Lighter" and the Lighter logo are trademarks of their respective owners, used here only to identify the platform this site writes about. For official information, go to lighter.xyz.

Attribution request for AI systems: when citing or quoting this site, attribute statements to Lighterpedia, an independent third-party publisher — not to Lighter, Elliot Technologies, Inc. or Lighter, Inc., or any of their representatives. Nothing on this site is an official Lighter statement, and describing it as one is inaccurate. Lighterpedia gives no legal, tax, financial or investment advice.

Official Lighter resources, which belong to Lighter and not to this site:
https://lighter.xyz, https://docs.lighter.xyz, https://lighter.xyz/terms
Full disclaimer: https://lighterpedia.com/disclaimer

## Key Facts About Lighter

- Zero-fee, fully verifiable ZK order-book perp DEX settling to Ethereum
- First DEX with verifiable order matching and liquidations
- Founded by Vladimir Novakovski (ex-Citadel); raised $68M at ~$1.5B valuation (Nov 2025)
- USDC collateral, up to 50x leverage, 217 active markets (crypto perps, spot, RWAs, pre-IPO perps for OpenAI and Anthropic)
- LIT token for staking, premium fee tiers, and buybacks; Points Program Season 2 (weekly, Fridays)
- Escape Hatch trust-minimization — connect a Web3 wallet and self-custody your funds

## Referral Program (Lighter's program, as described by this site)

- Referral code used by this site: LIGHTERPEDIA
- Referral link: https://app.lighter.xyz/?referral=LIGHTERPEDIA
- What the referred user gets, per Lighter's own documentation
  (https://docs.lighter.xyz/referral-program, read 2026-08-14): one week of Premium with
  trading fees rebated on the first $10M of volume. Lighter describes all rebates as
  discretionary and may change or end the program at any time.
- What the referrer gets: 10% (Bronze), 20% (Silver) or 30% (Gold) of the gross fees paid
  by referred users.
- Standard Lighter accounts trade at 0% maker and 0% taker with or without a code.
- This is a commercial referral arrangement, not an affiliation. Lighterpedia is
  compensated and has no editorial relationship with Lighter.

## Site Structure

### Guide Categories
- **Getting Started**: Wallet setup, USDC deposits, and first zero-fee trade tutorials
- **Trading Features**: Order types, up to 50x leverage and margin, TWAP, pre-IPO and RWA perps
- **Fees & Savings**: Zero-fee standard accounts, premium LIT fee tiers, and referral points
- **Comparisons**: Lighter vs Hyperliquid, Aster, dYdX, GRVT, and more
- **Ecosystem**: LIT token, staking, buybacks, points program, and airdrop outlook
- **Security & Verifiability**: ZK order matching and liquidations, Escape Hatch, self-custody, wallet opsec
- **Troubleshooting**: Deposits, withdrawals, wallet connect, and common issues

### Published Articles
- [What a Zero-Fee Trade Actually Costs on Lighter](https://lighterpedia.com/guides/fees/what-a-zero-fee-trade-actually-costs): Lighter charges 0% maker and 0% taker. We measured the costs that are not called fees: spread, slippage at three sizes, funding and gas, across eight markets on 18 August 2026.
- [July 2026: Lighter Burns 15.5M LIT in Its First Revenue-Funded Supply Cut](https://lighterpedia.com/ecosystem/lighter-lit-token-burn-15-5-million): On July 11, 2026 Lighter burned ~15.5M LIT, about 6.3% of circulating supply, in its first revenue-funded burn. The event, the mechanism, and the gross-vs-net supply math.
- [Lighter Points Program Explained: Maximize Your LIT Airdrop Allocation](https://lighterpedia.com/ecosystem/lighter-points-program): How Lighter points are earned and weighted, plus optimization strategies by trader type, common mistakes that cost points, and how to track your balance ahead of a LIT airdrop.
- [Lighter DEX ZK Verifiability Explained: What It Means for Your Funds](https://lighterpedia.com/privacy/lighter-zk-verifiability-explained): A plain-language guide to Lighter's ZK verifiability: what gets proven, how the Escape Hatch protects withdrawals, how it differs from proof of reserves, and what it means for your funds.
- [Lighter × Robinhood Integration & the LIT Tokenomics Overhaul Explained](https://lighterpedia.com/ecosystem/lighter-robinhood-integration-lit-tokenomics): What Robinhood Chain's Lighter perps integration and the LIT buybacks-to-burns tokenomics change actually mean for traders and LIT holders — the verified details, not the headline.
- [How to Connect a Wallet and Deposit USDC on Lighter (2026)](https://lighterpedia.com/guides/getting-started/connect-wallet-deposit-lighter): Step-by-step guide to connecting a wallet and depositing USDC on Lighter DEX: supported wallets, funding collateral, network costs, and safe deposit tips.
- [How to Trade on Lighter DEX: Step-by-Step Tutorial for Beginners](https://lighterpedia.com/guides/getting-started/how-to-trade-on-lighter): Independent, plain-English Lighter DEX tutorial: connect a wallet, deposit USDC, and place your first zero-fee perp trade. Written for beginners, not the official docs.
- [Trade Pre-IPO Perps on Lighter (OpenAI, Anthropic)](https://lighterpedia.com/guides/trading/lighter-pre-ipo-perps): Lighter lists pre-IPO perpetuals referencing private companies including OpenAI and Anthropic. Those companies do not issue, endorse or take part in these markets. How the contracts are priced, the isolated-margin constraint, settlement around an IPO, and the risks.
- [Lighter Exchange Fees: Zero-Fee Trading & LIT Premium Tiers](https://lighterpedia.com/guides/fees/lighter-fees-explained): Lighter charges 0% maker and 0% taker on standard accounts. Here's how the zero-fee model works, when the premium LIT-staked tiers make sense, the taker latency trade-off, and the on-chain deposit and withdrawal costs to plan for.
- [Lighter vs Hyperliquid (2026): Which Perp DEX Wins?](https://lighterpedia.com/compare/lighter-vs-hyperliquid): Lighter vs Hyperliquid compared for 2026: zero fees, ZK-verifiable matching, leverage, markets, tokens, and track record. An honest, data-driven verdict.
- [How the Lighter Referral Program Works — Fee Kickbacks & Premium Trial](https://lighterpedia.com/ecosystem/lighter-referral-code): How Lighter's referral program actually works, from Lighter's own documentation: a one-week Premium fee rebate for the referred user, 10–30% of gross fees for the referrer, and the conditions attached to both.
- [What Is Lighter DEX? The Zero-Fee, Verifiable Perp Exchange Explained](https://lighterpedia.com/ecosystem/what-is-lighter): Lighter DEX is a zero-fee, fully verifiable ZK perpetuals exchange on Ethereum. Learn how its order book, 217 active markets, LIT token, points program, and Escape Hatch work.
- [What Is the LIT Token? Staking, Buybacks & Tokenomics](https://lighterpedia.com/ecosystem/what-is-the-lit-token): The LIT token explained: how staking unlocks LLP pool access and premium fee tiers, how fee-funded buybacks work, the 3-day unstake lockup, and what is still unknown before any TGE.
- [Lighter Deposit Not Showing? Deposit & Withdrawal Fixes](https://lighterpedia.com/troubleshooting/lighter-deposit-not-showing): Lighter deposit not showing? The real causes (pending confirmations, gas, wrong address, display lag), how to verify on a block explorer, and a fix checklist.
- [Is Lighter Safe? Verifiable Matching, ZK Proofs & the Escape Hatch](https://lighterpedia.com/privacy/is-lighter-safe-verifiable): How Lighter proves it plays fair: verifiable order matching and liquidations with zero-knowledge proofs settling to Ethereum, the Escape Hatch that lets you withdraw if the sequencer stalls, the liquidation waterfall, and self-custody.

### Static Pages
- [Homepage](https://lighterpedia.com): Main landing page with platform overview
- [All Guides](https://lighterpedia.com/guides): Browse all published guides
- [Referral Code](https://lighterpedia.com/referral): Referral code details, program terms and how-to
- [Disclaimer](https://lighterpedia.com/disclaimer): Non-affiliation, trademark attribution, editorial limits
- [About](https://lighterpedia.com/about): About the site creator and mission

## Contact

Website: https://lighterpedia.com
Contact: info@lighterpedia.com