Lighter Perps

Lighter is a decentralized trading platform that is designed to deliver unmatched security and scale. Lighter provides verifiable matching and liquidations, while operating at the best-in-class traditional exchange level performances.

## Overview Lighter Perps is a decentralized perpetual futures trading platform engineered to combine security properties of blockchain systems with performance characteristics typical of centralized exchanges. The platform addresses a core tension in decentralized derivatives: maintaining cryptographic verifiability of trades and liquidations while executing at speeds and costs that compete with traditional order book matching. The protocol was built in response to specific operational gaps in existing decentralized perpetual exchanges. Many dex perps suffer from either high latency, opaque l