Lighter "55% Open" token distribution sparks public outrage: Is fair DeFi launch dead?The rapidly rising on-chain perpetual contract exchange Lighter recently announced its governance token LIT's economic model, immediately sparking intense division and in-depth debate within the DeFi community. According to its plan, 50% of the total supply of LIT will be allocated to the team and investors, with a one-year lock-up and a three-year linear unlock schedule; the remaining 50% is reserved for user airdrops, partners, and future ecosystem incentives.
This "50/50" distribution model has received some praise from users for its transparent unlocking mechanism and clear revenue sharing path (protocol revenue will be used for buybacks and burning of LIT); however, its high allocation—up to half—to "insiders" with a clear value orientation has also led many community members to question whether this deviates from the spirit of a "fair launch" in DeFi. The background of this debate is that the on-chain derivatives market's monthly trading volume has exceeded 1 trillion USD, and Lighter itself has firmly ranked second in trading volume. The economics of the LIT token reflect far more than just a project's governance choices; it is a critical reflection on power, value, and fairness in the entire DeFi world amid the "super cycle" of large-scale institutional capital inflows.
MarketWhisper·2025-12-31 02:10