Lighter CEO on 'democratizing finance' with a zero-fee, ZK perp DEX
Quick Take
- Lighter founder and CEO Vladimir Novakovski explains the zero-knowledge L2 infrastructure powering the burgeoning perp DEX, and why he opted for a zero-fee structure for retail users.
Episode 8 of The Big Brain Podcast, hosted by The Block President Larry Cermak and MegaETH CSO Namik Muduroglu, was recorded with Vladimir Novakovski, the founder and CEO of Lighter.
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In episode 8 of The Big Brain Podcast, Lighter founder Vladimir Novakovski explains 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 the Lighter team 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
- Apple: https://apple.co/43F3vmq
- Spotify: https://spoti.fi/44NT1lZ
- Larry: https://x.com/lawmaster
- Namik: https://x.com/NamikMuduroglu
- The Block Podcasts: https://x.com/TheBlockPods
GUEST LINKS
Vladimir Novakovski - https://x.com/vnovakovski
Lighter - https://x.com/Lighter_xyz
This episode of the Big Brain Podcast is brought to you by our sponsor, Canton Network.
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