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Bankless· 2025-10-16 11:29
LIVE NOW - How Lighter's Ethereum L2 Perp DEX Handled Liquidations10 days after @Lighter_xyz mainnet, a $19B liquidation wave slammed crypto.We asked the founder. @vnovakovski, how Lighter, a ZK L2 Perp DEX on Ethereum was capable of handling the crash.We dig into:- ADL vs. LLP.- trader-first design.- why verifiability (not vibes) should govern order matching and liquidations.- why Lighter chose custom ZK circuits over a generalized ZKVM.- L1 vs L2 tradeoffs.- what’s next: Spot, universal cross-margin, and ...