Lighter, one of the fastest-growing on-chain perpetual exchanges, has triggered a sharp debate across the DeFi community following the release of tokenomics for its newly announced Lighter Infrastructure Token, LIT. The release raises fresh questions about what constitutes a fair launch in an increasingly institutionalized on-chain derivatives market. The protocol said 50% of LIT tokens are allocated to users, partners, and growth incentives, while the remaining 50% is reserved for the team and investor ...

Users on the popular cryptocurrency trading platform, Lighter, are reportedly unable to withdraw funds currently, Wu Blockchain reported on Dec. 30. The development took place on a day when Lighter's native token made its debut. Related: Popular crypto company shuts down as Bitcoin crashes What is Lighter? Backed by investors like Coinbase (Nasdaq: COIN) and Robinhood (Nasdaq: HOOD), Lighter is a layer-2 decentralized crypto trading platform built on Ethereum (ETH). Lighter's decentralized nature means ...