Public Beta Launch: How to Participate in the Lighter Season 2 Points Program?

Original Title: "Live Beta, How to Participate in Lighter Season 2 Point Plan?"

Original Author: Asher, Odaily Planet Daily

On October 2, Perp DEX Lighter posted on X platform announcing the official launch of its Ethereum L2-based mainnet, after 8 months of private testing.The first season's point plan has ended, and the second season's point plan is about to begin and will continue until the end of 2025. Users can now freely join without the need for an invitation code or deposit limit, but the invitation plan is still in place, with invitees receiving point incentives.

It is worth mentioning that Lighter's founder and CEO, Vladimir Novakovski, clarified on X that the second season's point activity plan will end before the end of the year, not on December 31st.

Lighter Founder: The second season's point activity will end before the end of the year, not on December 31st

According to DeFiLlama data, Lighter's TVL has surpassed $1.1 billion, making it a highly anticipated Perp Dex in terms of community popularity and expectations, following Hyperliquid and Aster.So, for Lighter's second season point plan, which has lasted less than 3 months, how can one participate to earn points and potentially receive more token airdrops?

Lighter TVL Data

Project Introduction

Lighter is a perpetual contract trading platform built on Ethereum Layer 2 (L2), aiming to combine the speed and liquidity of centralized exchanges (CEX) with the security and transparency of decentralized exchanges (DEX). The platform has completed an 8-month private testing phase and is now officially live on the public mainnet.

Lighter's main solution involves using its custom ZK circuits to handle matching and clearing, ensuring that every trade and settlement can be verified on-chain, maintaining decentralized trust while achieving high-speed execution. In terms of performance, it aims to deliver an experience close to high-frequency trading, with fees and delays much lower than traditional DEX platforms; its fee structure follows a "light front, heavy pro" model—regular retail traders pay minimal fees, while institutions or API high-frequency traders have to pay to use the platform.

If Binance is behind Aster, then Ethereum is behind Lighter. Lighter does not opt for the closed architecture of building its own L1 like HyperLiquid but instead takes "Ethereum-native composability" as its core path: LLP Tokens can circulate on the mainnet and collaborate with DeFi protocols like Aave, thus enjoying a low-cost, low-latency, verifiable execution environment in an open ecosystem. Lighter aims to be a decentralized perpetual contract platform that is "fast like centralized but on-chain verifiable."

How to Participate in Lighter Trading to Earn Points?

STEP 1. Go to the official platform, connect your wallet to complete the account login.

STEP 2. Click on "Public Liquidity Pool," then select LLP, deposit funds, and you can start trading to earn points.

Key Focus Issues During the Public Testing Phase

Currently, for most users using Lighter for trading for the first time, the following summary combines the information needed to understand during the public testing phase from both Odaily Star Daily, official Discord, and recent AMA content.

1. How to Earn Points During the Public Testing Phase?

Unlike the "black box" of the internal test phase, the public testing version has clear rules for acquiring points, which have not yet been disclosed. The official team will publish the rules soon, so stay tuned. Odaily Star Daily will also be the first to interpret the brand-new points rules.

2. What Is the Distribution Period for Points During the Public Testing Phase?

The second-quarter points will be distributed every Tuesday, with 250,000 points given out each week. To ensure fairness, the Lighter team reserves the right to adjust the distribution method, and any wash trading, multi-account self-trading, or similar behaviors will be excluded from point rewards.

3. What Are the Anti-Wash Trading Measures During the Public Testing Phase?

The official team explicitly stated that they will strictly monitor "self-trading," such as wash trading with multiple accounts, front running, etc. Any abnormal behavior will lead to an account being flagged, and the account will then be unable to open new positions, only to close existing orders.

4. Can fast trading not earn points?

Normal short-term trading will not affect point earning, but transactions in the account that are all "instant open and instant close" meaningless transactions may be considered as wash trading.

5. When will the TGE take place?

According to community feedback, the TGE is still believed to take place in Q4 of this year, with an optimistic estimate in November and a more conservative estimate in December. Although the public testing phase is expected to end in late December, this does not mean that the TGE must wait until the end of public testing to launch.