The @Lighter_xyz thesis is simple > exchanges are the best business in crypto > the perp exchange is a brand new category > a zkL2 is the structurally strongest way to build an exchange. High security, low opex, high margins. > the technical product is the best on the market. Lowest latency, lowest execution costs, fully transparent. > engineering team cracked > US domiciled and compliant, unclaimed territory > a call option on a compliant tokenization - more RWAs issued onchain is money legos for financial products built on Lighter, serving US capital markets > Vlad is in the right circles, knows the right people, wants to swing big @Lighter_xyz has a real shot at competing with the top dogs, Coinbase and Robinhood, as a regular crypto exchange (w/ retail onramps), and also spearheading the US perp financialization market Beyond that, Lighter has the opportunity to evolve what it means to be financial institution in the US. Lighter's business logic is encoded in zk circuits. It is non-custodial, fully auditable, provably correct financial institution, secured by Ethereum. This is what a next-generation financial instruction looks like. Low cost, low headcount, massively scalable, entirely built as code, interoperable with Ethereum. $500m mc(David Hoffman)