Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

On October 2nd, Perp DEX Lighter announced the official launch of its Ethereum L2-based mainnet in a post on the X platform. After eight months of private beta testing, the platform is now fully open to the public. The first quarter's points program has concluded, and the second quarter is about to begin, running until the end of 2025. Users are now free to join, without an invitation code or a deposit limit. However, the referral program remains in place, offering rewards such as points to inviters.

It is worth mentioning that Lighter founder and CEO Vladimir Novakovski clarified on X that the second season points activity is planned to end before the end of the year, not December 31st.

Lighter founder: The second season points activity will end before the end of the year, not December 31st

According to DeFiLlama data, Lighter's TVL has exceeded $1.1 billion, making it a highly anticipated and popular perp Dex after Hyperliquid and Aster. So, with Lighter's Season 2 points program, which lasted less than three months, how can you participate in earning points and potentially winning token airdrops?

Lighter TVL data

Project Introduction

Lighter is a perpetual contract trading platform built on Ethereum's Layer 2 (L2). Its goal is to combine the speed and liquidity of centralized exchanges (CEXs) with the security and transparency of decentralized exchanges (DEXs). It has now completed its eight-month private beta and officially launched its public mainnet.

Lighter's core solution utilizes proprietary ZK circuits to handle matching and clearing, ensuring on-chain verification of every trade and every settlement, thereby achieving high-speed execution while maintaining decentralized credibility. In terms of performance, it strives to achieve a near-high-frequency trading experience, with fees and latency significantly lower than traditional DEXs. Its pricing model adopts a "light front-end, heavy professional" approach: ordinary retail investors enjoy virtually no fees, while institutions and high-frequency API traders must pay.

If Aster is backed by Binance, then Lighter is backed by Ethereum. It eschews the closed architecture of HyperLiquid, which builds its own L1, instead embracing "Ethereum native composability." LLP tokens can circulate on the mainnet and collaborate with DeFi protocols like Aave, offering a low-cost, low-latency, and verifiable execution environment within an open ecosystem. Lighter aims to be a decentralized perpetual contract platform that's "as fast as centralized platforms, but verifiable on-chain."

How to earn points by participating in Lighter transactions?

STEP 1. Visit the official platform (https://app.lighter.xyz/trade/) and connect your wallet to log in.

STEP 2. Click "Public Fund Pool" and select LLP. Deposit funds and start trading to earn points.

Summary of key issues during the public beta phase

Currently, for most users who are using Lighter for trading for the first time, Odaily Planet Daily combines the official Discord and recent AMA content to organize the information you need to know during the public beta phase.

1. How to obtain points during the public beta phase?

Unlike the "black box" beta phase, the public beta has clear rules for earning points. These haven't been announced yet, but the official announcement will be coming soon, so stay tuned. Odaily Planet Daily will also explain the new points rules as soon as they become available.

2. What is the distribution cycle of points during the public beta phase?

Season 2 points will be distributed every Tuesday, with 250,000 points distributed weekly. To ensure fairness, the Lighter team reserves the right to adjust the distribution method, and any Sybil attacks, multi-account self-trading, or similar behaviors will be excluded from point rewards.

3. What are the witch measures during the public beta phase?

The official has clearly stated that they will strictly investigate "self-trading", that is, abnormal behaviors such as multiple accounts brushing, second transactions, etc. The system will mark the account, and subsequent accounts will not be able to open orders and can only close the original orders.

4. Can I not earn points for quick transactions?

Normal short-term trading will not affect the earning of points, but if the transactions in the account are all meaningless transactions that are "opened and closed in seconds", it may be judged as a witch account.

5. When will TGE take place?

Based on community feedback, the TGE is still expected to take place in Q4 of this year, with an optimistic estimate of November and a more conservative estimate of December. While the public beta is expected to conclude by the end of December, this doesn't necessarily mean the TGE will have to wait until after the public beta concludes.