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New player on Ethereum Perptual Futures launched, powered by zero-knowledge technology for instant settlement.
[Chain News] Recently, a leading exchange has launched a new product. Starting from 11 PM on December 23, the LITUSDT Perptual Futures will open for pre-market trading, supporting a maximum leverage of 5x.
This contract is backed by the Lighter Protocol (LIT) project, a protocol specialized in perpetual trading. The technical highlight lies in the use of zero-knowledge aggregation solutions, which can significantly reduce trading latency, and transaction confirmations are also on a second-level basis.
The total supply of LIT is set at 1 billion, settled in USDT, with funding fees collected every 4 hours. This design concept is quite clear - it aims to maintain liquidity while balancing long and short positions through regular settlements. For users who want to experience the new protocol trading mechanism, this is a good opportunity to test the waters.
Leverage of 5x is back again, this time it depends on how many people get liquidated.
The 1 billion total supply is okay, but the key is how the liquidity is—whether the depth is sufficient is the real deal.
Settlement fees every 4 hours, feels a bit too frequent, the wallet is bleeding.
New protocol, new trading pairs, someone has to be the guinea pig. I'll wait and see first.
The selling point of instant confirmation is a bit incredible, but is the zk solution really reliable? Haven't seen this project's risk assessment.
Another perpetual contract with high leverage, this combo is getting more and more intense.
Looking at technical indicators alone isn't enough; you need to check the actual trading volume and user stickiness.
5x leverage is here, bankruptcy express card.
Second-level confirmation sounds good, just afraid it's second-level Get Liquidated.
What's up with this LIT project, never heard of it, another new coin in some ecosystem?
Fees are collected every 4 hours, this is a way to Clip Coupons.
To put it bluntly, it's still the same old story, just with a different technical term to launch.
The supply of LIT looks a bit random, the number of 1 billion feels nothing special.
5x leverage is not greedy, but the instant confirmation is really appealing; low latency is necessary to buy the dip.
New protocol, new mechanism; there are not many who dare to play, most are just here for the show.
Funding fees are collected every 4 hours, this design is quite sophisticated, just afraid of being played for suckers.
Does LIT's zk technology have any actual advantages, or is it just pure marketing hype?
Another project that wants to disrupt perpetual contracts, sounds all good.
I’ve never seen risk-free returns; one must be careful with such new things.
Let’s wait and see, let the suckers try it first.
Again with the 5x leverage and a new protocol, it feels like the same old tricks every time. I'll wait and see if anyone falls into the trap.
With a supply of 1 billion, this number looks like it will be heavily diluted.
Is second-level confirmation for real? That's faster than any platform I've used before.
Funding fees every 4 hours, feels like this design is trying to avoid explosive fluctuations? Quite interesting.
But to be honest, I usually take a wait-and-see approach with newly launched Perptual Futures, the risks are a bit high.
Second-level confirmations are great, but I'm afraid liquidations are also at second-level...
Another new protocol, another wave of people coming to be guinea pigs?
With a supply of 1 billion, it feels like there's going to be quite a bit of dumping pressure later on.
Settlement every 4 hours, this fee is indeed a bit lower than the schemes of major exchanges.
It's worth testing the waters, but is the liquidity of such projects really reliable?