Bitduke

Lighter's post-mortem on the $ARC attack tldr: attacker lost $8.2M trying to drain the LLP. LLP lost just 75k thanks to segmented strategies capping exposure (read the full post to understand how). shorts profited. zero manual intervention, the trader got deleveraged to LLP and

liquidated as designed Lighter's system handled $ARC with zero manual override, no emergency delisting, no validator votes. the attacker lost, the users weren't affected. that's how it should work thanks for testing the system for free though, better luck somewhere else

It seems no one was unfairly affected by “the wick” event

so what happened with the BTC wick on Lighter someone threw 1000 BTC market sell into a growing order book (idk for what reason) and the price wicked for a fraction of a second, the sell ate through all available bids and pushed price down to ~$45k before snapping back instantly

so someone really tried to jelly Lighter with $ARC huh, $6.4M TWAP long trying to drain the LLP (but maybe it was actually an attack on the $LIT token). didn't work here's the difference, on Hyperliquid, HLP blindly inherited the toxic position and validators had to manually

the beauty of this thesis is how simple it is. agents don't care about marketing tricks or narratives, pure numbers, pure execution agents don't care about marketing tricks or narratives, pure numbers, stats, pure execution. Lighter is well positioned for that. strategies that

build for agents

here we go, time to dump another one

so not just for calendars anymore huh now openclaw runs whole codex agent swarms. one dev, entire team. what's next, the whole company 🦞

50 Codex in parallel...

OpenClaw token usage surged to ~13% of all tokens on OpenRouter in just a two week period

first EVMBench and now this (but Anthropic this time)

korean stocks, gold, silver, and now OIL. Lighter is speedrunning the entire tradfi asset class lineup! what's next, bonds?

OpenAI x Paradigm goat collab!

markets uncertain, Lighter unbothered LLP now runs isolated risk strategies per market category, crypto, FX, and RWAs in separate buckets so losses in one can't drain the whole pool. infra is live, strategies go live tomorrow morning while everyone else is waiting for clarity,

isolating risk per market type while pushing deeper liquidity to new listings, sounds like the right way to scale things

LIT is about to launch on Bithumb with a KRW pair first DEX to list korean equity perps and now a Korean exchange listing, that's a plan!

heads up, Lighter network upgrade a 10PM UTC, under 15 min downtime. but the interesting part is new LLP strategies dropping right after! even now, most people don't realize Lighter's LLP already runs more than just basic MM, it reminder that lighter's LLP isn't just a basic

1000%