
Circle
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Circle
@cirswap
Building the Internet Financial Platform — powered by USDC, Arc, and Circle Payments Network. Disclosure:





Lighter CEO on 'Democratizing Finance' with a zero-fee, ZK perp DEX In episode 8 of the Big Brain Podcast, @lawmaster and @NamikMuduroglu were joined by @Lighter_xyz founder and CEO @vnovakovski, who explained: -why he built a zero-fee, ZK-powered perp DEX as an Ethereum L2 -how it stacks up against CEXs and rival perp chains -and what they learned from recent market stress ahead of their token launch. OUTLINE 00:00 – Introduction 04:50 – What Lighter is 06:15 – Why Ethereum L2 and ZK 11:03 – Zero-fee retail model 18:11 – Robinhood relationship & RH Chain 20:30 – L1 vs L2 value capture 27:08 – TGE timing and token value 30:29 – DYDX, Hyperliquid and CEX vs DeFi 35:52 – 10/10 crash and LLP risk 39:50 – Infra upgrades and closing






