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What is Lighter?
Lighter protocol is a fully decentralized order book spot exchange that operates on the Arbitrum One Layer 2 chain. Lighter is designed to enable permission-less, zero slippage and MEV-protected trades.How does Lighter work?
Market makers offer trades through order book & make money on bid-ask spreads paid by takers.Who governs Lighter?
Lighter team and investors own and govern the protocol. They currently do not take any of the total trading fees paid by traders (revenue). Lighter’s investors include a16z, Lightspeed, Coatue, etc.The values in this graphic are examples and do not reflect actual values. Treat them as approximations.