The KYC dilemma when DeFi meets TradFi has always been seen as a binary choice: Either fully KYC, losing DeFi's permissionless nature Or no KYC at all, never attracting institutional funds @lighter_xyz CEO @vnovakovski proposes a third solution: The platform doesn’t store KYC data; wallets carry their verification status via zero-knowledge proofs (ZK). Verified wallets can access specific products and trade with certain counterparties; Unverified wallets can still participate in the same order book, just with different rules. Institutions like Citadel can set their own preferences for trading counterparts. Both types of wallets operate in the same market, and the platform holds zero personal data—truly achieving compliance and decentralization at the same time! LIT