Lighter

A concentrated liquidity market maker (CLMM) decentralized exchange (DEX) built on the Canto blockchain, designed for highly efficient token swaps with low fees.

## Executive Summary Lighter is a decentralized exchange (DEX) operating on the Canto blockchain. It functions as a user-facing front-end for Canto's V2 permissionless Concentrated Liquidity Market Maker (CLMM) protocol. The platform's core value proposition is to provide a highly capital-efficient and low-fee trading environment. By implementing a CLMM model, Lighter allows liquidity providers (LPs) to allocate their capital within specific price ranges, leading to deeper liquidity for active trading pairs compared to traditional Automated Market Maker (AMM) models. This results in reduced sl