#What is Lighter and How is it Revolutionizing Trading?
Lighter, a decentralized trading platform developed by Harvard alum Vladimir Novakovski, has recently attracted significant attention by raising $68 million in funding. This round was led by prominent venture capital firms, including Founders Fund and Ribbit Capital, alongside support from Haun Ventures and Robinhood. This funding adds to an earlier capital injection of $21 million, pushing the total financial backing close to $90 million.
#How Does Lighter Work on Ethereum?
Lighter operates as a custom layer 2 solution on the Ethereum blockchain. This positioning allows the platform to specialize in perpetual futures trading and is set to introduce spot trading soon. By focusing on verifiable matching and speedy liquidations, Lighter aims to provide users with a faster and more transparent trading experience compared to other decentralized exchanges (DEXs). With an emphasis on technical innovation and early profitability, Lighter seeks to carve out a niche in the competitive DeFi landscape.
#Why Are Corporations Interested in DeFi?
The growing corporate interest in decentralized finance stems from a desire to manage spare cash more effectively. Companies are investigating decentralized vaults as viable options for their funds due to the accessibility and potential for competitive yields. As the DeFi ecosystem expands, platforms like Lighter stand to play a pivotal role in how businesses engage with digital assets.