Lighter, the second-largest decentralized perpetuals exchange, has compensated users with 250,000 points following a platform outage during the Oct. 10 crypto market flash crash. The points, which are expected to be airdropped as future tokens, were distributed to traders and Lighter Liquidity Pool (LLP) contributors who collectively lost approximately $50 million. Traders received 150,000 points for their $25 million loss, while LLP contributors were allocated 25,000 points for their $21.5 million loss. Additionally, Lighter addressed a post-crash sequencer outage by reimbursing $7 million in losses with 75,000 points.
Despite the disruptions, Lighter maintains its position as the second-most-popular perpetuals DEX in DeFi, boasting over $1 billion in total value locked (TVL) and a 24-hour trading volume of $7.3 billion.
Lighter Compensates Users with Points After Flash Crash Outage
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