Lighter Prepares Major Upgrade, Confirms LIT Token Plan and Mobile App

The founder of Lighter – a decentralized order book exchange – has just announced a series of important updates related to project development. According to Bitjie, this platform is about to undergo a significant upgrade in the coming hours, with a TGE (Token Generation Event) announcement potentially coming soon.

CEO Vladimir Novakovski participated in a Twitter Space interview to address community questions. Previously, the community expressed concerns over a series of large token transfer transactions related to LIT from the project team.

Lighter clarifies LIT token transactions

Novakovski confirmed that these transfers are not related to any airdrop events. Instead, these transactions were carried out to ensure that funds are accurately distributed to investors and team members according to the planned schedule. This clarification has helped ease concerns among token holders.

Lighter’s collateral system expands asset support

A key upcoming feature on Lighter is the shared collateral system. This feature will allow users to use Layer 1 (L1) assets as collateral for trading on the platform. This will expand trading capabilities and increase flexibility for Lighter users.

Mobile app launch in the next few weeks

Additionally, Novakovski revealed that Lighter’s mobile app is expected to launch officially within a few weeks. This move demonstrates Lighter’s focus on expanding user experience from the web platform to mobile devices, enabling traders to access the platform more conveniently.

These updates reflect Lighter’s commitment to enhancing the trading experience and increasing community engagement through transparent updates from project leadership.