Lighter
@Lighter_xyz
Trade digital assets with low costs and low latency on Ethereum L2 with custom ZK circuits for verifiable matching and liquidations. The ticker is LIT.
Joined December 2022
101 Following 117.7K Followers
The buyback is 100% programatic and non-discretionary. Every hour, the protocol collects all fee revenue and places 100 buy-side limit orders for $LIT from the current price down to -10%.
No human decides when, how much, or at what price. This runs 24/7 on a fixed loop.
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Since TGE, the Lighter protocol has programmatically bought back 12.5MM $LIT tokens, representing 5% of the circulating supply.
